What is risk? -- Why do we care about risk? -- What do we think about risk? -- How do we measure risk? -- Risk adjusted value -- Probabilistic approaches: Scenario analysis, decision trees and simulations -- Value at risk (VAR) -- Real options -- Risk management: the big picture -- Risk...

As we sift through the debris of the last economic crisis, we are reminded again that most business disasters can be traced back to bad risk taking. In particular, when managers over reach and expose their businesses to the wrong type of risks or too much risk, investors in these firms...