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Redefining Risk & Return

The Economic Red Phone Explained

Authors: Lyng Jensen, Jesper, Sublett, Susanne

  • Presents a new definition for risk
  • Redefines objective risk
  • Responds to on-going dissatisfaction with the current economic framework
  • Applies to any person, company or institution
  • Impacts economic theory within the areas of insurance, capital and economics including macro-economic theory
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eBook 51,16 €
price for Spain (gross)
  • ISBN 978-3-319-41369-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 62,39 €
price for Spain (gross)
  • ISBN 978-3-319-41368-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 62,39 €
price for Spain (gross)
  • ISBN 978-3-319-82335-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book is the first attempt to re-define objective risk. It addresses the cost of running out of capital as a generalized cost syndrome and explains how it is possible to describe this cost in such a way as to give it practical, real-life significance for personal finances, company finances and the economy as a whole. The discussion begins by presenting an intuitive and useful definition of risk: the probability of prospective capital shortfall. From this point it establishes a risk theory and expands the work of major thinkers such as Frank Knight and John Maynard Keynes, and adds reserve capital as a new financial risk management tool, with an economic function that is different from savings. This book will be of interest to economists, politicians, and decision makers as well as to the general public.


About the authors

Jesper Lyng Jensen is a risk professional with a broad range of experience in high risk industries such as Pharmaceutical R&D, Construction Mega Projects, and Oil & Gas Exploration and Production. Jesper also spent 6 years as consultant and independent risk researcher, which is also his current occupation.

Susanne Sublett graduated from Copenhagen Business School (CBS), Denmark, with a master’s degree in Economics. Having spent many years working in France in the wine industry, rising to the position of CFO, she returned to Denmark to begin a career in the credit risk industry. Today, Susanne works as a lead financial advisor in the global finance department of a major international IT company.

Table of contents (14 chapters)

  • Introduction

    Jensen, Jesper Lyng (et al.)

    Pages 1-7

    Preview Buy Chapter 30,19 €
  • How to Read a Monte Carlo Simulation Graph

    Jensen, Jesper Lyng (et al.)

    Pages 9-14

    Preview Buy Chapter 30,19 €
  • Introduction to the Cost of Running Out of Capital

    Jensen, Jesper Lyng (et al.)

    Pages 15-18

    Preview Buy Chapter 30,19 €
  • Risk and Uncertainty

    Jensen, Jesper Lyng (et al.)

    Pages 19-28

    Preview Buy Chapter 30,19 €
  • The Cost of Running Out of Capital

    Jensen, Jesper Lyng (et al.)

    Pages 29-51

    Preview Buy Chapter 30,19 €

Buy this book

eBook 51,16 €
price for Spain (gross)
  • ISBN 978-3-319-41369-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 62,39 €
price for Spain (gross)
  • ISBN 978-3-319-41368-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 62,39 €
price for Spain (gross)
  • ISBN 978-3-319-82335-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • 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
Redefining Risk & Return
Book Subtitle
The Economic Red Phone Explained
Authors
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-41369-3
DOI
10.1007/978-3-319-41369-3
Hardcover ISBN
978-3-319-41368-6
Softcover ISBN
978-3-319-82335-5
Edition Number
1
Number of Pages
XIX, 156
Number of Illustrations
23 b/w illustrations
Topics