Summary |
The author guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behaviour within the limits of science. Author begins with a discussion of how risk impacts our lives, health, and possessions, and proceeds to introduce the statistical techniques necessary for analyzing these uncertainties. Author considers the experience of risk from the perspectives of both policyholders and insurance companies, and compares their respective responses. Author concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physics, philosophy, and game theory to assess science's limitations in predicting the ramifications of risk.
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