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Risk Management: An Interdisciplinary Framework

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Author Info
Tapiero, Charles () (ESSEC Business School)
Abstract

Risk is shown to be based on both theory and practice. It is shown to be conceptual and technical, blending behavioral psychology, financial economics and decision making under uncertainty into a coherent whole that justify the selection of risky choices. Its applications are also broadly distributed across many areas and fields of interest. The examples treated here have focused on both finance, insurance and on a few problems in industrial management however

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Publisher Info
Paper provided by ESSEC Research Center, ESSEC Business School in its series ESSEC Working Papers with number DR 03014.

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Length: 40 pages
Date of creation: Nov 2003
Date of revision:
Handle: RePEc:ebg:essewp:dr-03014

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Postal: ESSEC Research Center, BP 105, 95021 Cergy, France
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Web page: http://www.essec.edu/
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Related research
Keywords: Risk; Management; Interdisciplinarity;

Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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    Other versions:
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    Other versions:
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  8. Basak, Suleyman & Shapiro, Alexander, 2001. "Value-at-Risk-Based Risk Management: Optimal Policies and Asset Prices," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 14(2), pages 371-405.
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    Other versions:
  20. Bengt Holmstrom, 1979. "Moral Hazard and Observability," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 74-91, Spring. [Downloadable!] (restricted)
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