LEADER 03479nam 22005415 450 001 9910255029403321 005 20200630090657.0 010 $a3-319-41369-4 024 7 $a10.1007/978-3-319-41369-3 035 $a(CKB)3710000001100916 035 $a(DE-He213)978-3-319-41369-3 035 $a(MiAaPQ)EBC4822646 035 $a(EXLCZ)993710000001100916 100 $a20170314d2017 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aRedefining Risk & Return $eThe Economic Red Phone Explained /$fby Jesper Lyng Jensen, Susanne Sublett 205 $a1st ed. 2017. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2017. 215 $a1 online resource (XIX, 156 p. 23 illus.) 311 $a3-319-41368-6 320 $aIncludes bibliographical references and index. 327 $aIntroduction -- Chapter 1: How to read a Monte Carlo simulation graph -- Chapter 2: Introduction to the cost of running out of capital -- Chapter 3: Risk and Uncertainty -- Chapter 4: The cost of running out of capital -- Chapter 5: Capital -- Chapter 6: Insurance -- Chapter 7: The Different Costs of Risk -- Chapter 8: Stock-taking -- Chapter 9: Macroeconomics -- Chapter 10: Self-chosen risk and government intervention -- Chapter 11: The top ten most important realisations regarding structural risk -- Chapter 12: The cost of structural risk management in liberalism -- Chapter 13: How is this book to be understood and what kind of society does it wish to create?. 330 $aThis book is the first attempt to re-define objective risk. It presents important ideas about risk management and financing future contingencies. The book 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 proceeds 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. 606 $aRisk management 606 $aInsurance 606 $aEconomics 606 $aManagement science 606 $aRisk Management$3https://scigraph.springernature.com/ontologies/product-market-codes/612040 606 $aInsurance$3https://scigraph.springernature.com/ontologies/product-market-codes/626030 606 $aEconomics, general$3https://scigraph.springernature.com/ontologies/product-market-codes/W00000 615 0$aRisk management. 615 0$aInsurance. 615 0$aEconomics. 615 0$aManagement science. 615 14$aRisk Management. 615 24$aInsurance. 615 24$aEconomics, general. 676 $a332 700 $aLyng Jensen$b Jesper$4aut$4http://id.loc.gov/vocabulary/relators/aut$0870330 702 $aSublett$b Susanne$4aut$4http://id.loc.gov/vocabulary/relators/aut 906 $aBOOK 912 $a9910255029403321 996 $aRedefining Risk & Return$91942937 997 $aUNINA