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Assessing Risk Assessment: Towards Alternative Risk Measures for Complex Financial Systems

Assessing Risk Assessment: Towards Alternative Risk Measures for Complex Financial Systems
Kataloginformation
Feldname Details
Vorliegende Sprache eng
Hinweise auf parallele Ausgaben 1000876772 Erscheint auch als (Druck-Ausgabe): ‡Hoffmann, Christian Hugo: Assessing risk assessment
ISBN 978-3-658-20031-2
Name Hoffmann, Christian Hugo
T I T E L Assessing Risk Assessment
Zusatz zum Titel Towards Alternative Risk Measures for Complex Financial Systems
Verlagsort Wiesbaden
Verlag Springer Gabler
Erscheinungsjahr 2017
2017
Umfang Online-Ressource (XIV, 377 p. 36 illus, online resource)
Reihe SpringerLink. Bücher
Titelhinweis Druckausg.ISBN: 978-3-658-20031-2
Printed editionISBN: 978-3-658-20031-2
Erscheint auch als (Druck-Ausgabe): ‡Hoffmann, Christian Hugo: Assessing risk assessment
ISBN ISBN 978-3-658-20032-9
Klassifikation KCA
BUS069030
330.1
HB1-846.8
Kurzbeschreibung Christian Hugo Hoffmann undermines the citadel of risk assessment and management, arguing that classical probability theory is not an adequate foundation for modeling systemic and extreme risk in complex financial systems. He proposes a new class of models which focus on the knowledge dimension by precisely describing market participants’ own positions and their propensity to react to outside changes. The author closes his thesis by a synthetical reflection on methods and elaborates on the meaning of decision-making competency in a risk management context in banking. By choosing this poly-dimensional approach, the purpose of his work is to explore shortcomings of risk management approaches of financial institutions and to point out how they might be overcome. Contents Concepts, Model Level and Risk Assessment The Transition to the Decision Level, Risk Assessment and Management In Search of a New Paradigm: The Third Way as a Road to Logic-Based Risk Modeling (LBR) Meta Level: Thinking about Thinking and Practices - What it Means to Reach Effective Risk Management Decisions Target Groups Researchers, academics, and students in the fields of finance and management Risk professionals, consultants, analysts, politicians in the fields of economic and financial policy The Author Christian Hugo Hoffmann completed his doctoral studies at the University of St. Gallen and Yale University. He co-founded a financial risk management start-up which translates these theoretical results into practical impact.
2. Kurzbeschreibung Christian Hugo Hoffmann undermines the citadel of risk assessment and management, arguing that classical probability theory is not an adequate foundation for modeling systemic and extreme risk in complex financial systems. He proposes a new class of models which focus on the knowledge dimension by precisely describing market participants' own positions and their propensity to react to outside changes. The author closes his thesis by a synthetical reflection on methods and elaborates on the meaning of decision-making competency in a risk management context in banking. By choosing this poly-dimensional approach, the purpose of his work is to explore shortcomings of risk management approaches of financial institutions and to point out how they might be overcome. Christian Hugo Hoffmann completed his doctoral studies at the University of St. Gallen and Yale University. He co-founded a financial risk management start-up which translates these theoretical results into practical impact.
1. Schlagwortkette Risikomanagement
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SWB-Titel-Idn 495986992
Signatur Springer E-Book
Bemerkungen Elektronischer Volltext - Campuslizenz
Elektronische Adresse $uhttp://dx.doi.org/10.1007/978-3-658-20032-9
Internetseite / Link Volltext
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