... project valuation risky assets uncertain cash flows risk management This book is mostly devoted to the evaluation of safe investment projects. However, most real projects are not safe, and indeed many of them are very risky. This is particularly the case for those yielding cash flows in the distant...

...This chapter shifts the focus from the traders to the managers who supervised them. It considers in particular the issue of risk management through three different managers: the head of Risk Management at International Securities, a senior trader who was in charge of Todd's desk, and a manager whom...

...This chapter examines Bob's handling of risk in light of his own reluctance to rely on the figures produced by the bank's Risk Management department. If not by means of numerical risk estimates such as Value at Risk, the chapter considers how Bob promoted restraint among his traders. It reveals...

... of the estates, and access to land and farming systems. It then discusses the crucial questions of risk management in an unpredictable environment, taking into account the different strategies employed by peasants to limit uncertainty caused by, for example, the extreme variability of the climate. It also...

...The mathematical treatment of models relying on pure jump processes is quite different from the treatment of models where a Brownian motion is present. For instance, risk management procedures, derivative pricing and portfolio optimization are all significantly altered, so there is interest from...

... laws colonial America risk management Virginia The Debt Recovery Act of 1732 mandated that throughout the British colonies all land, houses, and slaves would be available to be seized by creditors in the course of pursuing debt claims. ¹ This law and similar laws previously enacted...

...” problem Bayes rule bandit problem Keller G Rady S climate change Gollier C precautionary principle Treich N option value uncertain projects Poisson two-armed bandit backward induction risk management net present values NPV Up to now in this book, an investment project was described by its...

... it is developing around the themes of susceptibility, prediction, and precaution that have come to infuse many aspects of criminal justice systems as they have come to focus on questions of risk—risk assessment, risk management, and risk reduction. antisocial behavior Cameron J Duncan G J environment Fox N...

... that resulted in sizeable losses for the latter. Also at that time, pioneering banks like Bob's began using risk management models as a tool for control and restraint rather than as a way to ascertain overall exposure. The mid-1990s crisis reveals the moral complexities posed by new and unfamiliar financial...

... to another—often seen as a symptom of a lack of market integration. It then compares the overall performance of the market in the city-states with those of the cities of medieval and modern Europe before discussing the disequilibrium between supply and demand and the form of risk management adopted...

... in risk management and forecasting. curve fitting Nelson Siegel parsimony Laguerre functions dynamic Nelson Siegel model dynamic factor models factor state space stochastic transition yield factors Kalman filter static Nelson Siegel model measurement data augmentation methods Gaussian...