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Lecture Notes in Statistics

Measuring Risk in Complex Stochastic Systems

Editors: Franke, J., Härdle, Wolfgang, Stahl, Gerhard (Eds.)

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eBook 85,59 €
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  • ISBN 978-1-4612-1214-0
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Softcover 103,99 €
price for Spain (gross)
  • ISBN 978-0-387-98996-9
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About this book

Complex dynamic processes of life and sciences generate risks that have to be taken. The need for clear and distinctive definitions of different kinds of risks, adequate methods and parsimonious models is obvious. The identification of important risk factors and the quantification of risk stemming from an interplay between many risk factors is a prerequisite for mastering the challenges of risk perception, analysis and management successfully. The increasing complexity of stochastic systems, especially in finance, have catalysed the use of advanced statistical methods for these tasks. The methodological approach to solving risk management tasks may, however, be undertaken from many different angles. A financial insti­ tution may focus on the risk created by the use of options and other derivatives in global financial processing, an auditor will try to evalu­ ate internal risk management models in detail, a mathematician may be interested in analysing the involved nonlinearities or concentrate on extreme and rare events of a complex stochastic system, whereas a statis­ tician may be interested in model and variable selection, practical im­ plementations and parsimonious modelling. An economist may think about the possible impact of risk management tools in the framework of efficient regulation of financial markets or efficient allocation of capital.

Table of contents (15 chapters)

Table of contents (15 chapters)

Buy this book

eBook 85,59 €
price for Spain (gross)
  • ISBN 978-1-4612-1214-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 103,99 €
price for Spain (gross)
  • ISBN 978-0-387-98996-9
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Measuring Risk in Complex Stochastic Systems
Editors
  • J. Franke
  • Wolfgang Härdle
  • Gerhard Stahl
Series Title
Lecture Notes in Statistics
Series Volume
147
Copyright
2000
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4612-1214-0
DOI
10.1007/978-1-4612-1214-0
Softcover ISBN
978-0-387-98996-9
Series ISSN
0930-0325
Edition Number
1
Number of Pages
XIV, 260
Number of Illustrations
3 b/w illustrations
Topics