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Misconceptions Of Risk


Misconceptions Of Risk
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Misconceptions Of Risk


Misconceptions Of Risk
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Author : Terje Aven
language : en
Publisher: John Wiley & Sons
Release Date : 2011-08-15

Misconceptions Of Risk written by Terje Aven and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08-15 with Mathematics categories.


We all face risks in a variety of ways, as individuals, businesses and societies. The discipline of risk assessment and risk management is growing rapidly and there is an enormous drive for the implementation of risk assessment methods and risk management in organizations. There are great expectations that these tools provide suitable frameworks for obtaining high levels of performance and balance different concerns such as safety and costs. The analysis and management of risk are not straightforward. There are many challenges. The risk discipline is young and there area a number of ideas, perspectives and conceptions of risk out there. For example many analysts and researchers consider it appropriate to base their risk management policies on the use of expected values, which basically means that potential losses are multiplied with their associated consequences. However, the rationale for such a policy is questionable. A number of such common conceptions of risk are examined in the book, related to the risk concept, risk assessments, uncertainty analyses, risk perception, the precautionary principle, risk management and decision making under uncertainty. The Author discusses these concepts, their strenghts and weaknesses, and concludes that they are often better judged as misconceptions of risk than conceptions of risk. Key Features: Discusses common conceptions of risk with supporting examples. Provides recommendations and guidance to risk analysis and risk management. Relevant for all types of applications, including engineering and business. Presents the Author’s overall conclusions on the issues addressed throughout the book. All those working with risk-related problems need to understand the fundamental ideas and concepts of risk. Professionals in the field of risk, as well as researchers and graduate sutdents will benefit from this book. Policy makers and business people will also find this book of interest.



Statistical Misconceptions


Statistical Misconceptions
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Author : Schuyler Huck
language : en
Publisher: Routledge
Release Date : 2015-11-19

Statistical Misconceptions written by Schuyler Huck and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-19 with Psychology categories.


This engaging book helps readers identify and then discard 52 misconceptions about data and statistical summaries. The focus is on major concepts contained in typical undergraduate and graduate courses in statistics, research methods, or quantitative analysis. Interactive Internet exercises that further promote undoing the misconceptions are found on the book's website. The author’s accessible discussion of each misconception has five parts: The Misconception - a brief description of the misunderstanding Evidence that the Misconception Exists – examples and claimed prevalence Why the Misconception is Dangerous – consequence of having the misunderstanding Undoing the Misconception - how to think correctly about the concept Internet Assignment - an interactive activity to help readers gain a firm grasp of the statistical concept and overcome the misconception. The book's statistical misconceptions are grouped into 12 chapters that match the topics typically taught in introductory/intermediate courses. However, each of the 52 discussions is self-contained, thus allowing the misconceptions to be covered in any order without confusing the reader. Organized and presented in this manner, the book is an ideal supplement for any standard textbook. An ideal supplement for undergraduate and graduate courses in statistics, research methods, or quantitative analysis taught in psychology, education, business, nursing, medicine, and the social sciences. The book also appeals to independent researchers interested in undoing their statistical misconceptions.



The Failure Of Risk Management


The Failure Of Risk Management
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Author : Douglas W. Hubbard
language : en
Publisher: John Wiley & Sons
Release Date : 2020-02-26

The Failure Of Risk Management written by Douglas W. Hubbard and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-26 with Business & Economics categories.


A practical guide to adopting an accurate risk analysis methodology The Failure of Risk Management provides effective solutionstosignificantfaults in current risk analysis methods. Conventional approaches to managing risk lack accurate quantitative analysis methods, yielding strategies that can actually make things worse. Many widely used methods have no systems to measure performance, resulting in inaccurate selection and ineffective application of risk management strategies. These fundamental flaws propagate unrealistic perceptions of risk in business, government, and the general public. This book provides expert examination of essential areas of risk management, including risk assessment and evaluation methods, risk mitigation strategies, common errors in quantitative models, and more. Guidance on topics such as probability modelling and empirical inputs emphasizes the efficacy of appropriate risk methodology in practical applications. Recognized as a leader in the field of risk management, author Douglas W. Hubbard combines science-based analysis with real-world examples to present a detailed investigation of risk management practices. This revised and updated second edition includes updated data sets and checklists, expanded coverage of innovative statistical methods, and new cases of current risk management issues such as data breaches and natural disasters. Identify deficiencies in your current risk management strategy and take appropriate corrective measures Adopt a calibrated approach to risk analysis using up-to-date statistical tools Employ accurate quantitative risk analysis and modelling methods Keep pace with new developments in the rapidly expanding risk analysis industry Risk analysis is a vital component of government policy, public safety, banking and finance, and many other public and private institutions. The Failure of Risk Management: Why It's Broken and How to Fix It is a valuable resource for business leaders, policy makers, managers, consultants, and practitioners across industries.



Modern Business And Financial Risk Management


Modern Business And Financial Risk Management
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Author : Ephraim Matanda
language : en
Publisher: African Books Collective
Release Date : 2025-03-03

Modern Business And Financial Risk Management written by Ephraim Matanda and has been published by African Books Collective this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-03 with Social Science categories.


This book is on business and financial risk management in all forms of business organisations, both public and private in nature. Coming from a modern business management perspective, the book presents and details the modern sources and investment strategies used by investors in maximising value edition, growth and development of their businesses. It expands the potentialities of firm shareholders by extending businesses endeavours through innovation, financial engineering and revolutions. Realising that most of the texts on business and financial risk management are research are subject specific regardless of the fact that most financial and investment methods and approaches today are contingent, complementary and overlapping, the book advances the argument that its high time that researchers consider coming up and applying research texts that are multi-disciplinary and promoting interactions across related fields. The richness and novelty of the book is premised on its attempt to offer business and financial risks, all in one book, which can be applied to different disciplines and situations. More significantly and without overrating the potential of multi-disciplinary research approaches, the book provides additional insights and dimensions on origins, evolutions and trends emerging in contemporary research. The book is therefore bringing an important contribution to contemporary research debates and multi-disciplinary discourses that have taken centre stage in recent years in many universities and across the world in dissemination of knowledge aimed at turning the fortunes of modern businesses towards effective risk management, and growth towards sustainable development. The book is critically important to students and practitioners across fields, and let alone businesses that are struggling to grow and develop due to weak risk management systems, poor corporate governance and ethics frameworks.



Planning Ethically Responsible Research


Planning Ethically Responsible Research
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Author : Joan E. Sieber
language : en
Publisher: SAGE
Release Date : 1992

Planning Ethically Responsible Research written by Joan E. Sieber and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.


This text provides readers with the knowledge to plan ethically responsible social and behavioural research. It includes instructions on development of an effective protocol; methods for handling issues of confidentiality, consent, privacy and deception; ways to assess risk and benefit to optimize research outcomes; and more.



Calculated Courage


Calculated Courage
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Author : Barrett Williams
language : en
Publisher: Barrett Williams
Release Date : 2025-02-27

Calculated Courage written by Barrett Williams and has been published by Barrett Williams this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-02-27 with Business & Economics categories.


**Calculated Courage Master the Art of Risk for Unprecedented Growth** Do you often find yourself hesitating at the precipice of opportunity, caught between the comfort of the known and the allure of the uncertain? "Calculated Courage" is your essential guide to navigating the modern world's maze of risks and making strategic decisions that lead to extraordinary success. Step into the world of risk with a profound exploration of its psychological underpinnings and the evolution of decision-making. Begin by unraveling common misconceptions, laying the foundation for a new way to perceive risk. Understand the science with a detailed analysis of probability, impact, and the crucial distinction between calculated and reckless risks. Harness the power of data to assess risk more effectively than ever before. Cultivate a mindset that thrives amidst uncertainty. Learn how to build resilience, embrace failure as a stepping stone, and develop an unyielding spirit of adaptability. With our strategic frameworks, including SWOT analysis and the Risk Reward Matrix, you'll be equipped to evaluate and approach decisions with precision and confidence. Transform your personal and professional life by identifying growth opportunities and building robust development plans that measure personal risk-reward ratios. Dive into compelling business case studies to learn from past successes and failures while exploring the thin line between innovation and catastrophe. Enhance your emotional intelligence in risk management to effectively handle stress and understand emotional triggers. Leverage state-of-the-art technology, such as big data and AI, to bolster your decision-making process. Forge connections with a network of like-minded risk-takers, mentors, and peers who will support your journey. Master communication to articulate your vision, build consensus, and navigate opposition with finesse. As ethical considerations and financial strategies come into play, balance profit with social responsibility, and craft a solid risk-ethics framework. Embrace continuous learning and adaptation to stay ahead in an ever-changing world. "Calculated Courage" is not just a book; it's your roadmap to mastering the art of risk-taking, fostering innovation, and embarking on a lifelong journey of growth and achievement. Embrace the future of calculated risk with confidence and unstoppable courage.



Probability Statistics And Life Cycle Assessment


Probability Statistics And Life Cycle Assessment
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Author : Reinout Heijungs
language : en
Publisher: Springer Nature
Release Date : 2024-05-20

Probability Statistics And Life Cycle Assessment written by Reinout Heijungs and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-20 with Science categories.


This textbook discusses the use of uncertainty analysis and sensitivity analysis in environmental life cycle assessment (LCA). This is a topic which has received a lot of attention by journals, including the leading (Springer) International Journal of Life Cycle Assessment. Despite its importance, no coherent textbook exists that summarizes the progress that has been made in the last 20 years. This book attempts to fill that gap. Its audience is practitioners (professional and academic) of LCA, teachers, and Ph.D. students. It gives a very broad overview of the field: probability theory, descriptive statistics, inferential statistics, error analysis, sensitivity analysis, decision theory, etc., all in relation to LCA. Much effort has been taken to give a balanced overview, with a uniform terminology and mathematical notation.



Emerging Infectious Diseases


Emerging Infectious Diseases
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Author :
language : en
Publisher:
Release Date : 2018

Emerging Infectious Diseases written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Communicable diseases categories.




Chemical Exposure And Toxic Responses


Chemical Exposure And Toxic Responses
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Author : Stephen K. Hall
language : en
Publisher: CRC Press
Release Date : 2020-07-24

Chemical Exposure And Toxic Responses written by Stephen K. Hall and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-24 with Science categories.


Providing material for practitioners and students alike, Chemical Exposure and Toxic Responses is a clear and straightforward presentation of industrial toxicology. Exposure to toxic chemicals is of major concern to health professionals. In recent years, the scope and importance of hazardous materials toxicology has expanded and now impacts financial institutions, government, private corporations, and many other organizations as well. Chemical Exposure and Toxic Responses presents the myriad health implications of hazardous chemicals in a single source. This book is organized so that readers can proceed from a general perspective on the problem of chemical exposure and toxic responses to an understanding of toxicology and a method of inquiry. Written for anyone who needs practical toxicological information, the book compactly and efficiently presents the scientific basis of toxicology as it applies to the workplace. It covers the diverse chemical hazards encountered in the work environment and provides a practical understanding of these hazards for those charged with protecting the health and well being of people at work. Chemical Exposure and Toxic Responses consists of three parts: Part I establishes the general principles of industrial toxicology; Part II addresses specific effects of toxic agents on specific physiological organs and systems; and Part III is devoted to the evaluation of hazards in the workplace.



India At Risk


India At Risk
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Author : Jaswant Singh
language : en
Publisher:
Release Date : 2013

India At Risk written by Jaswant Singh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Common fallacies categories.