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Hardcover Engineering Risk and Finance Book

ISBN: 1461462339

ISBN13: 9781461462330

Engineering Risk and Finance

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Format: Hardcover

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Book Overview

Risk models are models of uncertainty, engineered for some purposes. They are "educated guesses and hypotheses" assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of reference within which we may believe that "uncertainty is tamed". Quantitative-statistical tools are used to reconcile our information, experience and...

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