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Risk, Public Perception and Education: Quantitative and Qualitative Risk

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  • Martin Shubik

    ()
    (School of Management)

Abstract

A brief survey of the development of the study of risk and probability is given together with some basic observations on their application to insurance. This is followed with observations on the lack of appreciation of probability studies and an elementary feeling for probability by the public at large and a suggestion that the time is ripe for a new science museum involving basic economics and the exposition of the role of probability in finance.

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Bibliographic Info

Paper provided by Yale School of Management in its series Yale School of Management Working Papers with number ysm190.

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Date of creation: 05 Jun 2001
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Handle: RePEc:ysm:somwrk:ysm190

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Web page: http://icf.som.yale.edu/
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Keywords: Risk; Probability; Insurance;

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