Risk Theory - Nicholas Rescher

Apart from its foray into technical issues of risk assessment and management,  this book has one principal aim. With situations of chancy outcomes certain key factors-including outcome possibilities, overall expectation, threat, and even luck-are measurable parameters. But risk is something different: it is not measurable a single parametric quantity, but a many-sided factor that has several different components, and constitutes a complex phenomenon that must be assessed judgmentally in a highly contextualized way. This book explains and analyzes how this works out in practice.

EAN: 9783030785017