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...

"Quantitative risk assessments cannot eliminate risk, nor can they resolve trade-offs. They can, however, guide principled risk management and reduction - if the quality of assessment is high and decision makers understand how to use it. This book builds a unifying scientific framework for...

"Charles Tapiero, as the head of the biggest financial engineering program in the world and business consultant, has his finger on the pulse of the shift that is coming in financial engineering applications and study. With an eye toward the future, he has crafted a comprehensive and practical...