The Known, the Unknown, and the Unknowable in Financial Risk Management : : Measurement and Theory Advancing Practice / / ed. by Neil A. Doherty, Francis X. Diebold, Richard J. Herring.

• Superior document: Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
• MitwirkendeR: Bardhan, Ashok,; Borge, Daniel,; Bralver, Charles N.,; Colacito, Riccardo,; Diebold, Francis X.,; Doherty, Neil A.,; Edelstein, Robert H.,; Engle, Robert F.,; Goodhart, Charles A. E.,; Granger, Sir Clive W. J.,; Herring, Richard J.,; Kleindorfer, Paul R.,; Kohn, Donald L.,; Kunreuther, Howard,; Kuritzkes, Andrew,; Litzenberger, Robert H.,; Mandelbrot, Benoit B.,; Modest, David M.,; Muermann, Alexander,; Pauly, Mark V.,; Scott, Kenneth E.,; Taleb, Nassim Nicholas,; Zeckhauser, Richard J.,
• HerausgeberIn: Diebold, Francis X.,; Doherty, Neil A.,; Herring, Richard J.,
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2010]; ©2010
• Year of Publication: 2010
• Edition: Course Book
• Language: English
• Physical Description: 1 online resource (392 p.) :; 4 halftones. 31 line illus. 23 tables.

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk...

Table of Contents

• Frontmatter
• Contents
• Preface
• 1. Introduction
• 2. Risk: A Decision Maker'S Perspective
• 3. Mild Vs. Wild Randomness: Focusing on Those Risks that Matter
• 4. The Term Structure of Risk, the Role of Known and Unknown Risks, and Nonstationary Distributions
• 5. Crisis and Noncrisis Risk in Financial Markets: A Unified Approach to Risk Management
• 6. What We Know, Don't Know, and Can't Know about Bank Risk: A View from the Trenches
• 7. Real Estate through the Ages: The Known, the Unknown, and the Unknowable
• 8. Reflections on Decision-making under Uncertainty
• 9. On the Role of Insurance Brokers in Resolving the Known, the Unknown, and the Unknowable
• 10. Insuring against Catastrophes
• 11. Managing Increased Capital Markets Intensity: The Chief Financial Officer's Role in Navigating the Known, the Unknown, and the Unknowable
• 12. The Role of Corporate Governance in Coping with Risk and Unknowns
• 13. Domestic Banking Problems
• 14. Crisis Management: The Known, The Unknown, and the Unknowable
• 15. Investing in the Unknown and Unknowable
• List of Contributors
• Index