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Assessing Risk Assessment

Towards Alternative Risk Measures for Complex Financial Systems

Authors: Hoffmann, Christian Hugo

  • Publication in the field of economic sciences

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eBook $69.99
price for USA (gross)
  • ISBN 978-3-658-20032-9
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-658-20031-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

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.  

Table of contents (23 chapters)

  • Introduction

    Hoffmann, Christian Hugo

    Pages 1-19

  • Introduction to Part I

    Hoffmann, Christian Hugo

    Pages 23-24

  • Literature Synthesis, Theoretical Background and Research Focus

    Hoffmann, Christian Hugo

    Pages 25-71

  • Research Questions

    Hoffmann, Christian Hugo

    Pages 73-74

  • On an Adequate Concept of Risk and Systemic Risk in the Realm of Banking

    Hoffmann, Christian Hugo

    Pages 75-102

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-3-658-20032-9
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-658-20031-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Assessing Risk Assessment
Book Subtitle
Towards Alternative Risk Measures for Complex Financial Systems
Authors
Copyright
2017
Publisher
Gabler Verlag
Copyright Holder
Springer Fachmedien Wiesbaden GmbH
eBook ISBN
978-3-658-20032-9
DOI
10.1007/978-3-658-20032-9
Softcover ISBN
978-3-658-20031-2
Edition Number
1
Number of Pages
XIV, 377
Number of Illustrations and Tables
36 b/w illustrations
Topics