“…Risk, society and policy series…”

“…This is a practical guide to making better decisions with our money, health, and personal lives from Gerd Gigerenzer, the author of 'Reckoning with Risk'. Here, Gerd Gigerenzer examines the many psychological, societal, and mathematical factors that contribute to our collective misunderstanding of the world around us and shows how we can overcome them…”

Tabla de Contenidos: “…Motivation -- The need for risk management -- Lessons from financial disasters -- VAR-based regulatory capital -- Building blocks -- Sources of financial risk -- Computing VAR -- Backtesting VAR -- Portfolio risk: analytical methods -- Multivariate models -- Forecasting risks and correlations -- Value-at-risk systems -- VAR methods -- VAR mapping -- Monte Carlo methods -- Liquidity risk -- Stress testing -- Applications of risk management systems -- Using VAR to measure and control risk -- Using VAR for active risk management -- VAR and risk budgeting in investment management -- Extensions of risk management systems -- Credit risk management -- Operational risk management -- Integrated risk management -- The risk management profession -- Risk management: guidelines and pitfalls -- Conclusions…”