Risk Revealed - Cautionary Tales, Understanding and Communication

Explore the concept of risk through numerous examples and their statistical modeling, traveling from a historical perspective all the way to an up-to-date technical analysis. Written with a wide readership in mind, this book begins with accounts of a selection of major historical disasters, such as the North Sea flood of 1953 and the L'Aquila earthquake. These tales serve to set the scene and to motivate the second part of the book, which describes the mathematical tools required to analyze these events, and how to use them. The focus is on the basic understanding of the mathematical modeling of risk and what types of questions the methods allow one to answer. The text offers a bridge between the world of science and that of everyday experience. It is written to be accessible to readers with only a basic background in mathematics and statistics. Even the more technical discussions are interspersed with historical comments and plentiful examples.

Product details

• Authors: Valerie Chavez-Demoulin, Valérie Chavez-Demoulin, Valerie (Universite de Lausanne Chavez-Demoulin, Paul Embrechts, Paul (Swiss Federal University (Eth) Embrechts, Embrechts Paul, Marius Hofert, Marius (The University of Hong Kong) Hofert
• Publisher: Cambridge University Press Academic
• Languages: English
• Product format: Paperback / Softback
• Released: 30.04.2024
• EAN: 9781009299817
• ISBN: 978-1-0-0929981-7
• Dimensions: 180 mm x 255 mm x 20 mm
• Subjects: Education and learning > Teaching preparation > Vocational needs; Natural sciences, medicine, IT, technology > Mathematics > Miscellaneous; Economics, MATHEMATICS / General, Waste treatment & disposal, Probability & statistics, Insurance & actuarial studies, Engineering: general, Probability and statistics, Risk assessment, Insurance and actuarial studies, Waste treatment and disposal