This book updates and advances the theory of expected utility as applied to risk analysis and financial decision making. Von Neumann and Morgenstern pioneered the use of expected utility theory in the 1940s, but most utility functions used in financial management are still relatively simplistic and assume a mean-variance world. Taking into account recent advances in the economics of risk and un…
Before Fukushima, the most notorious large-scale nuclear accident the world had seen was Chernobyl in 1986. The fallout from Chernobyl covered vast areas in the Northern Hemisphere, especially in Europe. Belarus, at the time a Soviet republic, suffered heavily: nearly a quarter of its territory was covered with long-lasting radionuclides. Yet the damage from the massive fallout was largely impe…
From the Publisher: Fundamental change occurs most often in one of two ways: as a "fatal discontinuity," a sudden catastrophic event that is potentially world changing, or as a persistent, gradual trend. Global catastrophes include volcanic eruptions, viral pandemics, wars, and large-scale terrorist attacks; trends are demographic, environmental, economic, and political shifts that unfold over …
From the Publisher: Fundamental change occurs most often in one of two ways: as a "fatal discontinuity," a sudden catastrophic event that is potentially world changing, or as a persistent, gradual trend. Global catastrophes include volcanic eruptions, viral pandemics, wars, and large-scale terrorist attacks; trends are demographic, environmental, economic, and political shifts that unfold over …
Challenges to security and human rights involving extractive and other industries are addressed in a framework known as business and human rights (BHR), which shares many challenges and goals with SSR. This paper describes the grounds where BHR and SSR coincide in principles, actors and activities and which synergies can be built on that base. Opportunities for bridging BHR and SSR are drawn fr…
From the Publisher: Fundamental change occurs most often in one of two ways: as a "fatal discontinuity," a sudden catastrophic event that is potentially world changing, or as a persistent, gradual trend. Global catastrophes include volcanic eruptions, viral pandemics, wars, and large-scale terrorist attacks; trends are demographic, environmental, economic, and political shifts that unfold over …