Economic Optimization of Innovation and Risk

A Theory of Crash Rate for Private & Public Projects with Critical or non-Critical systems. Analyzing & managing risk has been a quest for 5000 years, and is essential to everything from water supplies, finance, and agriculture to computers and space travel. At last there is a quantitative theory and a simple equation that allows you to: - choose your failure rate - get there optimally - avoid unexpected effects - profit where the competition fails Work a project example based on real-world data to manage the risk of a for-profit 10-passenger transport to an orbital tourism facility. Examine possibilities for managing the crash rate of countries and even the world.

Robert Shuler combines 42 years of experience in aerospace & software fault tolerant systems design, verification and management with 50 years investing experience and a knack for finding hidden principles.  He has half a dozen patents and numerous publications in fields ranging from economics (corporate risk compensation, the equity premium) to physics (inertia & quantum gravity).  He lives in Texas with his wife Natasha, and has written books on The Equity Premium Puzzle and Money, Wealth & War.