商品簡介
This well-balanced introduction to enterprise risk management integrates quantitative and qualitative approaches and motivates key mathematical and statistical methods with abundant real-world cases - both successes and failures. Worked examples and end-of-chapter exercises support readers in consolidating what they learn. The mathematical level, which is suitable for graduate and senior undergraduate students in quantitative programs, is pitched to give readers a solid understanding of the concepts and principles involved, without diving too deeply into more complex theory. To reveal the connections between different topics, and their relevance to the real world, the presentation has a coherent narrative flow, from risk governance, through risk identification, risk modelling, and risk mitigation, capped off with holistic topics - regulation, behavioural biases, and crisis management - that influence the whole structure of ERM. The result is a text and reference that is ideal for graduate and senior undergraduate students, risk managers in industry, and anyone preparing for ERM actuarial exams.
Key features
*Many exercises of several different types - qualitative discussions, mathematical calculations, computational exercises on real data sets - help readers to develop a full skill set
*Detailed descriptions of risk management successes and failures in the real world reinforce the connection between strong technical skills and financial and economic aims
*Coverage of topics missing from most risk management texts - applications of behavioural finance to risk management, capital allocation, performance measurement - creates a valuable resource
