Redefining Risk & Return
By:Jesper Lyng Jensen,Susanne Sublett
Published on 2017-03-14 by Springer
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.
This Book was ranked at 14 by Google Books for keyword economics explained.
Book ID of Redefining Risk & Return's Books is DbZZDgAAQBAJ, Book which was written byJesper Lyng Jensen,Susanne Subletthave ETAG "sQRFowwVSG8"
Book which was published by Springer since 2017-03-14 have ISBNs, ISBN 13 Code is 9783319413693 and ISBN 10 Code is 3319413694
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Book which have "156 Pages" is Printed at BOOK under CategoryBusiness and Economics
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