The Doom Loop in the Financial Sector - William Leiss

The Doom Loop in the Financial Sector

And Other Black Holes of Risk

(Autor)

Buch | Softcover
190 Seiten
2010
University of Ottawa Press (Verlag)
978-0-7766-0738-2 (ISBN)
18,65 inkl. MwSt
Reveals an underlying paradox of risk management: the better we become at assessing risks, the more we feel comfortable taking them. This title recommends international cooperation to manage black hole risks.
In the past two years, the world has experienced how unsound economic practices can disrupt global economic and social order. Today's volatile global financial situation highlights the importance of managing risk and the consequences of poor decision making. "The Doom Loop in the Financial Sector" reveals an underlying paradox of risk management: the better we become at assessing risks, the more we feel comfortable taking them. Using the current financial crisis as a case study, renowned risk expert William Leiss engages with the new concept of 'black hole risk' - risk so great that estimating the potential downsides is impossible. His risk-centred analysis of the lead-up to the crisis reveals the practices that brought it about and how it became common practice to use limited risk assessments as a justification to gamble huge sums of money on unsound economic policies. In order to limit future catastrophes, Leiss recommends international cooperation to manage black hole risks. He believes that, failing this, humanity could be susceptible to a dangerous nexus of global disasters that would threaten human civilization as we know it.

William Leiss has been a professor at seven Canadian universities: Simon Fraser, Calgary, Regina, York, Toronto, Queen's and Ottawa. He is the author or co-author of eight previous books, including Mad Cows and Mother's Milk (McGill-Queen's, 2004) and In the Chamber of Risks (McGill-Queen's, 2001). For the past twenty years he has been a frequent consultant to government agencies and the private sector on risk management issues.

Erscheint lt. Verlag 30.10.2010
Reihe/Serie Critical Issues in Risk Management
Verlagsort Ottawa
Sprache englisch
Maße 127 x 203 mm
Gewicht 223 g
Themenwelt Sozialwissenschaften Soziologie Empirische Sozialforschung
Wirtschaft Betriebswirtschaft / Management Allgemeines / Lexika
Wirtschaft Betriebswirtschaft / Management Finanzierung
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Versicherungsbetriebslehre
ISBN-10 0-7766-0738-3 / 0776607383
ISBN-13 978-0-7766-0738-2 / 9780776607382
Zustand Neuware
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