Risk and Risk Management

Risk exists whenever the future is unknown. This paper deals with the concepts of risk and uncertainty, risk attitudes and reaction to risk. It is explained the distinction between objective risk and subjective risk. Also, it presents risk attitudes and factors affecting them and the economic costs of risk: costs of unexpected losses and costs of uncertainty.

MoreLess

Year of publication:	2005
Authors:	Iloiu, Mirela
Published in:	Annals of the University of Petrosani, Economics. - University of Petrosani, Romania. - Vol. 5.2005, p. 165-168
Publisher:	University of Petrosani, Romania
Subject:	risk \| uncertainty \| losses \| gains \| pervasiveness \| risk attitudes \| reaction to risk \| costs of risk

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005760945