Managing Risk and Uncertainty: A Strategic Approach (MIT Press)

4 avg rating
( 1 ratings by Goodreads )
 
9780262528191: Managing Risk and Uncertainty: A Strategic Approach (MIT Press)
View all copies of this ISBN edition:
 
 

A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields.

This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making.

The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

"synopsis" may belong to another edition of this title.

About the Author:

Richard Friberg is Jacob Wallenberg Professor of Economics and Chairman of the Department of Economics at Stockholm School of Economics.

Review:

An extremely useful go-to book for thinking about financial risk and both operational and financial means of mitigating it.

(Kenneth A. Froot, André R. Jakurski Professor of Business Administration, Harvard Business School)

Managing Risk and Uncertainty brings academic rigor to the topic of risk management in a way that is both approachable and thoroughly enjoyable to read. I highly recommend it for current and future managers interested in really learning about risk management.

(Lanier Benkard, Gregor G. Peterson Professor of Economics, Stanford Graduate School of Business)

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Richard Friberg
Published by The MIT Press (2015)
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Softcover First Edition Quantity Available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)
Rating
[?]

Book Description The MIT Press, 2015. Condition: New. book. Seller Inventory # M0262528193

More information about this seller | Contact this seller

Buy New
US$ 48.52
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

2.

Richard Friberg
Published by MIT Press Ltd, United States (2016)
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Paperback Quantity Available: 10
Seller:
Book Depository International
(London, United Kingdom)
Rating
[?]

Book Description MIT Press Ltd, United States, 2016. Paperback. Condition: New. Language: English . Brand New Book. A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners. Seller Inventory # AAH9780262528191

More information about this seller | Contact this seller

Buy New
US$ 65.70
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

3.

Friberg, Richard
Published by MIT Press
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Quantity Available: > 20
Seller:
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description MIT Press. Condition: New. Brand New. Seller Inventory # 0262528193

More information about this seller | Contact this seller

Buy New
US$ 63.25
Convert Currency

Add to Basket

Shipping: US$ 3.60
Within U.S.A.
Destination, Rates & Speeds

4.

Friberg, Richard
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Quantity Available: 1
Seller:
Paperbackshop-US
(Wood Dale, IL, U.S.A.)
Rating
[?]

Book Description 2015. PAP. Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Seller Inventory # KB-9780262528191

More information about this seller | Contact this seller

Buy New
US$ 63.46
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

5.

Richard Friberg
Published by MIT Press Ltd, United States (2016)
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Paperback Quantity Available: 10
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description MIT Press Ltd, United States, 2016. Paperback. Condition: New. Language: English . Brand New Book. A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners. Seller Inventory # AAH9780262528191

More information about this seller | Contact this seller

Buy New
US$ 67.57
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

6.

Richard Friberg
Published by MIT Press (2015)
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Quantity Available: > 20
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description MIT Press, 2015. PAP. Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Seller Inventory # WM-9780262528191

More information about this seller | Contact this seller

Buy New
US$ 56.66
Convert Currency

Add to Basket

Shipping: US$ 12.12
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Richard Friberg
Published by The MIT Press 2015-11-13, Cambridge, MA (2015)
ISBN 10: 0262528193 ISBN 13: 9780262528191
New paperback Quantity Available: 5
Seller:
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description The MIT Press 2015-11-13, Cambridge, MA, 2015. paperback. Condition: New. Seller Inventory # 9780262528191

More information about this seller | Contact this seller

Buy New
US$ 62.41
Convert Currency

Add to Basket

Shipping: US$ 8.08
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Richard Friberg
Published by MIT Press Ltd
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Paperback Quantity Available: > 20
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)
Rating
[?]

Book Description MIT Press Ltd. Paperback. Condition: New. New copy - Usually dispatched within 2 working days. Seller Inventory # B9780262528191

More information about this seller | Contact this seller

Buy New
US$ 62.26
Convert Currency

Add to Basket

Shipping: US$ 9.35
From United Kingdom to U.S.A.
Destination, Rates & Speeds

9.

FRIBERG
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Paperback Quantity Available: 1
Seller:
Herb Tandree Philosophy Books
(Stroud, GLOS, United Kingdom)
Rating
[?]

Book Description 2015. Paperback. Condition: NEW. 9780262528191 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Seller Inventory # HTANDREE01143881

More information about this seller | Contact this seller

Buy New
US$ 69.36
Convert Currency

Add to Basket

Shipping: US$ 10.77
From United Kingdom to U.S.A.
Destination, Rates & Speeds

10.

Friberg, Richard
ISBN 10: 0262528193 ISBN 13: 9780262528191
New Quantity Available: 1
Seller:
Rating
[?]

Book Description Condition: New. Publisher/Verlag: MIT Press | Format: Paperback | Language/Sprache: english | 666 gr | 229x178x15 mm | 400 pp. Seller Inventory # K9780262528191

More information about this seller | Contact this seller

Buy New
US$ 78.38
Convert Currency

Add to Basket

Shipping: US$ 3.52
From Germany to U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book