Chapter

Introduction

in Risk

Published in print May 2011 | ISBN: 9780199576203
Published online September 2013 | e-ISBN: 9780191777714 | DOI: http://dx.doi.org/10.1093/actrade/9780199576203.003.0001

Series: Very Short Introductions

Introduction

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Where does risk come from? How does it exact its price? What causes risk? The Introduction answers these questions by looking at the issue of risk for individuals and societies in the world today. The foundation of risk lies in decision theory, which articulates concepts whose emergence began with the first human thought about uncertain choices. Applications of decision theory have lead to collaborations among many different dsciplines including mathematics, philosophy, social science, psychology, and political science. How should we deal with, think, and feel about risk? How should societies deal with dangers? How can risk analysis help with the purusit of wellbeing?

Keywords: decision theory; issue; lead; price; risk; risk analysis

Chapter.  651 words. 

Subjects: Business and Management ; Economics ; Research and Information

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