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responses to an institutionalized system for risk and non-risk management. For the poorest, the transition aims to move away …
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An important source of conflict surrounding nuclear energy is that with a very small probability, a large-scale nuclear accident may occur. One way to internalize the financial risks associated with such an accident is through mandatory liability insurance. This paper presents estimates of the...
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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. …
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The main characteristic of investments is risk asumption, because investments are related to coming evolutions and the … future is uncertain. Investment decision under risk circumstances involves two separate stages in approaching the risk, there …
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