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Risk (second edition) is a fully revised and expanded update of a highly-cited, influential and well-known book. It reviews the three major approaches to risk in social and cultural theory, devoting a chapter to each one. These approaches were first identified and described by Deborah Lupton in the original edition and have since become widely used as a categorisation of risk perspectives. The first draws upon the work of Mary Douglas to articulate the 'cultural/symbolic' perspective on risk. The second approach is that of the 'risk society' perspective, based on the writings of Ulrich Beck and Anthony Giddens. The third approach explored here is that of the 'governmentality' perspective, which builds on Michel Foucault's work. Other chapters examine in detail the relationship between concepts of risk and concepts of selfhood and the body, the notion of Otherness and how this influences the ways in which people respond to and think about risk, and the pleasures of voluntary risk-taking, including discussion of edgework. This new edition examines these themes in relation to the newly emerging threats of the twenty-first century, such as climate change, extreme weather events, terrorism and global financial crises. It will appeal to students and scholars throughout the social sciences and humanities.
Revised edition of the author's Managing suicidal risk, 2006.
Since the first edition of this book published, Bayesian networks have become even more important for applications in a vast array of fields. This second edition includes new material on influence diagrams, learning from data, value of information, cybersecurity, debunking bad statistics, and much more. Focusing on practical real-world problem-solving and model building, as opposed to algorithms and theory, it explains how to incorporate knowledge with data to develop and use (Bayesian) causal models of risk that provide more powerful insights and better decision making than is possible from purely data-driven solutions. Features Provides all tools necessary to build and run realistic Bayesian network models Supplies extensive example models based on real risk assessment problems in a wide range of application domains provided; for example, finance, safety, systems reliability, law, forensics, cybersecurity and more Introduces all necessary mathematics, probability, and statistics as needed Establishes the basics of probability, risk, and building and using Bayesian network models, before going into the detailed applications A dedicated website contains exercises and worked solutions for all chapters along with numerous other resources. The AgenaRisk software contains a model library with executable versions of all of the models in the book. Lecture slides are freely available to accredited academic teachers adopting the book on their course.
Risk Analysis in Finance and Insurance, Second Edition presents an accessible yet comprehensive introduction to the main concepts and methods that transform risk management into a quantitative science. Taking into account the interdisciplinary nature of risk analysis, the author discusses many important ideas from mathematics, finance, and actuarial science in a simplified manner. He explores the interconnections among these disciplines and encourages readers toward further study of the subject. This edition continues to study risks associated with financial and insurance contracts, using an approach that estimates the value of future payments based on current financial, insurance, and other information. New to the Second Edition Expanded section on the foundations of probability and stochastic analysis Coverage of new topics, including financial markets with stochastic volatility, risk measures, risk-adjusted performance measures, and equity-linked insurance More worked examples and problems Reorganized and expanded, this updated book illustrates how to use quantitative methods of stochastic analysis in modern financial mathematics. These methods can be naturally extended and applied in actuarial science, thus leading to unified methods of risk analysis and management.
The risk management process supports executive decision-making, allowing managers and owners to perform their fiduciary responsibility of protecting the assets of their enterprises. This crucial process should not be a long, drawn-out affair. To be effective, it must be done quickly and efficiently. Information Security Risk Analysis, Second Edition enables CIOs, CSOs, and MIS managers to understand when, why, and how risk assessments and analyses can be conducted effectively. This book discusses the principle of risk management and its three key elements: risk analysis, risk assessment, and vulnerability assessment. It examines the differences between quantitative and qualitative risk assessment, and details how various types of qualitative risk assessment can be applied to the assessment process. The text offers a thorough discussion of recent changes to FRAAP and the need to develop a pre-screening method for risk assessment and business impact analysis.
Acclaim for first edition: The author succeeds in bringing together many interesting real-life applications of CBA in various areas (including among others health, environment and transportation). The examples are well chosen to illustrate the basic issues and show clearly the crucial importance of theoretical and assumptions. Moreover, they are presented in an accessible amethodologicalnd attractive way. For those who know already the principles of CBA, these applications are stimulating and enjoyable reading. Erik Schokkaert, Tijdschrift voor Economie en Management This fully updated new edition continues in the vein of its predecessor by viewing cost benefit analysis as applied welfare economics, while at the same time building on the earlier framework by extending the theory and providing further applications in each chapter. New for this edition are analyses of theory related applications in mental health, condom social marketing programs, female primary education as a means of preventing HIV/AIDS and the pricing of natural gas. Presented in an integrated manner, the theoretical concepts are constructed around the main building blocks of CBA, such as shadow pricing, distribution weights, the social discount rate and the marginal cost of public funds. This edition will cement the book s place as a major and accessible text in the field and will be of great interest to graduate and undergraduate students of welfare economics and microeconomic theory, as well as government economists involved with any area of public policy.
Basic Concepts of Environmental Chemistry, Second Edition provides a theoretical basis for the behavior and biological effects of natural chemical entities and contaminants in natural systems, concluding with a practical focus on risk assessment and the environmental management of chemicals. The text uses molecular properties such as polarity, water solubility, and vapor pressure as the starting point for understanding the environmental chemistry of various contaminants in soil, water, and the atmosphere. It explains biological processes such as respiration and photosynthesis and their relationship to greenhouse gases. The book then introduces environmental toxicology and describes the distribution, transport, and transformation of contaminants, including PCBs and dioxins, plastics, petroleum and aromatic hydrocarbons, soaps and detergents, and pesticides. The author highlights the relationship between specific chemical properties and their environmental and biological effects. Other topics discussed include partition behavior, fugacity, and genotoxicity, particularly involving carcinogens. The second edition updates the contents and incorporates the latest advances in the field since the 1997 edition was published. It presents an entirely new chapter on metals, which underlines the correlation between metallic properties and their behavior in the environment, as well as new sections on radionuclides and acid drainage water. The chapter on atmospheric chemistry and pollution has been substantially expanded including photochemical smog, the Greenhouse Effect, and pollution processes in the atmosphere and acid rain. The author also adds recent approaches to ecotoxicology, ecological, and human risk assessments to include the probabilistic approach. Basic Concepts of Environmental Chemistry, Second Edition is a practical textbook for teaching students the basic concepts of chemistry in the framework of the environment and a practical reference for anyone involved in the management and disposal of industrial chemicals and emissions, occupational health and safety, and the protection of the natural environment.