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Redefining Risk & Return

Name: Redefining Risk & Return
Brand: Springer International Publishing AG
SKU: 20118752
Price: 1547 CZK
Availability: InStock
Author: Jesper Lyng Jensen
ISBN: 9783319823355

The Economic Red Phone Explained

Jesper Lyng Jensen

Susanne Sublett

Jazyk

Angličtina

Kniha Brožovaná

Libristo kód: 20118752

Nakladatelství Springer International Publishing AG, červen 2018

This book is the first attempt to re-define objective risk. It addresses the cost of running out of... Celý popis

Libristo kód: 20118752

155 b

1 547 Kč

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This book is the first attempt to re-define objective risk. It addresses the cost of running out of capital as a generalized cost syndrome and explains how it is possible to describe this cost in such a way as to give it practical, real-life significance for personal finances, company finances and the economy as a whole. The discussion begins by presenting an intuitive and useful definition of risk: the probability of prospective capital shortfall. From this point it establishes a risk theory and expands the work of major thinkers such as Frank Knight and John Maynard Keynes, and adds reserve capital as a new financial risk management tool, with an economic function that is different from savings. This book will be of interest to economists, politicians, and decision makers as well as to the general public.