Risk, Uncertainty and Government

Risk, Uncertainty and Government

Author: Pat O'Malley

Publisher: Routledge

Published: 2012-09-10

Total Pages: 292

ISBN-13: 113531179X

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Both risk and uncertainty are neo-liberal concepts, which can be viewed as complementary techniques for governing diverse aspects of life, rather than natural states of things. This new book examines the way these constructs govern the production of wealth through 'uncertain' speculation and 'calculable' investment formulae. The way in which risk and uncertainty govern the minimisation of harms through insurance and through the uncertain practices of 'reasonable foresight' is discussed, and O Malley looks at the way these same techniques were historically forged out of moral and social beliefs about how to govern properly. In addition, the book analyzes is how, during this process, ideas such as 'contract' and distinctions between insurance and gambling were invented to order to 'properly' govern the risky and uncertain future.


Book Synopsis Risk, Uncertainty and Government by : Pat O'Malley

Download or read book Risk, Uncertainty and Government written by Pat O'Malley and published by Routledge. This book was released on 2012-09-10 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both risk and uncertainty are neo-liberal concepts, which can be viewed as complementary techniques for governing diverse aspects of life, rather than natural states of things. This new book examines the way these constructs govern the production of wealth through 'uncertain' speculation and 'calculable' investment formulae. The way in which risk and uncertainty govern the minimisation of harms through insurance and through the uncertain practices of 'reasonable foresight' is discussed, and O Malley looks at the way these same techniques were historically forged out of moral and social beliefs about how to govern properly. In addition, the book analyzes is how, during this process, ideas such as 'contract' and distinctions between insurance and gambling were invented to order to 'properly' govern the risky and uncertain future.


Risk, Uncertainty and Government

Risk, Uncertainty and Government

Author: Pat O'Malley

Publisher:

Published: 2013

Total Pages: 211

ISBN-13:

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Book Synopsis Risk, Uncertainty and Government by : Pat O'Malley

Download or read book Risk, Uncertainty and Government written by Pat O'Malley and published by . This book was released on 2013 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Risk, Uncertainty and Profit

Risk, Uncertainty and Profit

Author: Frank H. Knight

Publisher: Cosimo, Inc.

Published: 2006-11-01

Total Pages: 401

ISBN-13: 1602060053

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A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.


Book Synopsis Risk, Uncertainty and Profit by : Frank H. Knight

Download or read book Risk, Uncertainty and Profit written by Frank H. Knight and published by Cosimo, Inc.. This book was released on 2006-11-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.


Pandora's Risk

Pandora's Risk

Author: Kent Osband

Publisher: Columbia University Press

Published: 2011

Total Pages: 306

ISBN-13: 0231151721

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Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances. Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.


Book Synopsis Pandora's Risk by : Kent Osband

Download or read book Pandora's Risk written by Kent Osband and published by Columbia University Press. This book was released on 2011 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances. Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.


America at Risk

America at Risk

Author: Robert Faulkner

Publisher: University of Michigan Press

Published: 2009-10-08

Total Pages: 290

ISBN-13: 0472022539

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America at Risk gathers original essays by a distinguished and bipartisan group of writers and intellectuals to address a question that matters to Americans of every political persuasion: what are some of the greatest dangers facing America today? The answers, which range from dwindling political participation to rising poverty, and religion to empire, add up to a valuable and timely portrait of a particular moment in the history of American ideas. While the opinions are many, there is a central theme in the book: the corrosion of the liberal constitutional order that has long guided the country at home and abroad. The authors write about the demonstrably important dangers the United States faces while also breaking the usual academic boundaries: there are chapters on the family, religious polarization, immigration, and the economy, as well as on governmental and partisan issues. America at Risk is required reading for all Americans alarmed about the future of their country. Contributors Traci Burch James W. Ceaser Robert Faulkner Niall Ferguson William A. Galston Hugh Heclo Pierre Manent Harvey C. Mansfield Peter Rodriguez Kay Lehman Schlozman Susan Shell Peter Skerry James Q. Wilson Alan Wolfe Robert Faulkner is Professor of Political Science at Boston College. Susan Shell is Professor of Political Science at Boston College. "America at Risk goes well beyond the usual diagnoses of issues debated in public life like immigration, war, and debt, to consider the Republic’s founding principles, and the ways in which they have been displaced by newer thoughts and habits in contemporary America. A critical book for understanding our present condition." —Francis Fukuyama, Bernard L. Schwartz Professor of International Political Economy, Johns Hopkins School of Advanced International Studies "In this penetrating book, the nation’s finest social and political thinkers from across the spectrum take a careful and no-holds-barred look at the dangers facing the American political system. The conclusions are more unsettling than reassuring---but that is because they are honest and real." —Norm Ornstein, Resident Scholar, American Enterprise Institute "In the midst of overwrought pundits, irate soccer moms, and outraged bloggers, it is difficult to distinguish genuine dangers from false alarms and special pleading. This book enables us to do so, in a way that helps us to actually think about, not just feel anxious about, threats to those features of American society that are worth cherishing. The authors range in ideology and expertise, but they are uniformly judicious, incisive, and informative. This is a fascinating book about issues that the political system usually ignores or exaggerates." —Jennifer L. Hochschild, Henry LaBarre Jayne Professor of Government and Professor of African and African American Studies, Harvard University


Book Synopsis America at Risk by : Robert Faulkner

Download or read book America at Risk written by Robert Faulkner and published by University of Michigan Press. This book was released on 2009-10-08 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: America at Risk gathers original essays by a distinguished and bipartisan group of writers and intellectuals to address a question that matters to Americans of every political persuasion: what are some of the greatest dangers facing America today? The answers, which range from dwindling political participation to rising poverty, and religion to empire, add up to a valuable and timely portrait of a particular moment in the history of American ideas. While the opinions are many, there is a central theme in the book: the corrosion of the liberal constitutional order that has long guided the country at home and abroad. The authors write about the demonstrably important dangers the United States faces while also breaking the usual academic boundaries: there are chapters on the family, religious polarization, immigration, and the economy, as well as on governmental and partisan issues. America at Risk is required reading for all Americans alarmed about the future of their country. Contributors Traci Burch James W. Ceaser Robert Faulkner Niall Ferguson William A. Galston Hugh Heclo Pierre Manent Harvey C. Mansfield Peter Rodriguez Kay Lehman Schlozman Susan Shell Peter Skerry James Q. Wilson Alan Wolfe Robert Faulkner is Professor of Political Science at Boston College. Susan Shell is Professor of Political Science at Boston College. "America at Risk goes well beyond the usual diagnoses of issues debated in public life like immigration, war, and debt, to consider the Republic’s founding principles, and the ways in which they have been displaced by newer thoughts and habits in contemporary America. A critical book for understanding our present condition." —Francis Fukuyama, Bernard L. Schwartz Professor of International Political Economy, Johns Hopkins School of Advanced International Studies "In this penetrating book, the nation’s finest social and political thinkers from across the spectrum take a careful and no-holds-barred look at the dangers facing the American political system. The conclusions are more unsettling than reassuring---but that is because they are honest and real." —Norm Ornstein, Resident Scholar, American Enterprise Institute "In the midst of overwrought pundits, irate soccer moms, and outraged bloggers, it is difficult to distinguish genuine dangers from false alarms and special pleading. This book enables us to do so, in a way that helps us to actually think about, not just feel anxious about, threats to those features of American society that are worth cherishing. The authors range in ideology and expertise, but they are uniformly judicious, incisive, and informative. This is a fascinating book about issues that the political system usually ignores or exaggerates." —Jennifer L. Hochschild, Henry LaBarre Jayne Professor of Government and Professor of African and African American Studies, Harvard University


Reckoning with Risk

Reckoning with Risk

Author: Gerd Gigerenzer

Publisher: Penguin UK

Published: 2003-04-24

Total Pages: 239

ISBN-13: 0140297863

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Are ordinary people able to reason with risk? Detailing case histories and examples, this text presents readers with tools for understanding statistics. In so doing, it encourages us to overcome our innumeracy and empowers us to take responsibility for our own choices.


Book Synopsis Reckoning with Risk by : Gerd Gigerenzer

Download or read book Reckoning with Risk written by Gerd Gigerenzer and published by Penguin UK. This book was released on 2003-04-24 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are ordinary people able to reason with risk? Detailing case histories and examples, this text presents readers with tools for understanding statistics. In so doing, it encourages us to overcome our innumeracy and empowers us to take responsibility for our own choices.


Science and Decisions

Science and Decisions

Author: National Research Council

Publisher: National Academies Press

Published: 2009-03-24

Total Pages: 422

ISBN-13: 0309120462

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Risk assessment has become a dominant public policy tool for making choices, based on limited resources, to protect public health and the environment. It has been instrumental to the mission of the U.S. Environmental Protection Agency (EPA) as well as other federal agencies in evaluating public health concerns, informing regulatory and technological decisions, prioritizing research needs and funding, and in developing approaches for cost-benefit analysis. However, risk assessment is at a crossroads. Despite advances in the field, risk assessment faces a number of significant challenges including lengthy delays in making complex decisions; lack of data leading to significant uncertainty in risk assessments; and many chemicals in the marketplace that have not been evaluated and emerging agents requiring assessment. Science and Decisions makes practical scientific and technical recommendations to address these challenges. This book is a complement to the widely used 1983 National Academies book, Risk Assessment in the Federal Government (also known as the Red Book). The earlier book established a framework for the concepts and conduct of risk assessment that has been adopted by numerous expert committees, regulatory agencies, and public health institutions. The new book embeds these concepts within a broader framework for risk-based decision-making. Together, these are essential references for those working in the regulatory and public health fields.


Book Synopsis Science and Decisions by : National Research Council

Download or read book Science and Decisions written by National Research Council and published by National Academies Press. This book was released on 2009-03-24 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk assessment has become a dominant public policy tool for making choices, based on limited resources, to protect public health and the environment. It has been instrumental to the mission of the U.S. Environmental Protection Agency (EPA) as well as other federal agencies in evaluating public health concerns, informing regulatory and technological decisions, prioritizing research needs and funding, and in developing approaches for cost-benefit analysis. However, risk assessment is at a crossroads. Despite advances in the field, risk assessment faces a number of significant challenges including lengthy delays in making complex decisions; lack of data leading to significant uncertainty in risk assessments; and many chemicals in the marketplace that have not been evaluated and emerging agents requiring assessment. Science and Decisions makes practical scientific and technical recommendations to address these challenges. This book is a complement to the widely used 1983 National Academies book, Risk Assessment in the Federal Government (also known as the Red Book). The earlier book established a framework for the concepts and conduct of risk assessment that has been adopted by numerous expert committees, regulatory agencies, and public health institutions. The new book embeds these concepts within a broader framework for risk-based decision-making. Together, these are essential references for those working in the regulatory and public health fields.


Primer on Risk Analysis

Primer on Risk Analysis

Author: Charles Yoe

Publisher: CRC Press

Published: 2019-01-18

Total Pages: 306

ISBN-13: 0429667590

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Primer on Risk Analysis: Decision Making Under Uncertainty, Second Edition lays out the tasks of risk analysis in a straightforward, conceptual manner, tackling the question, "What is risk analysis?" Distilling the common principles of many risk dialects into serviceable definitions, it provides a foundation for the practice of risk management and decision making under uncertainty for professionals from all disciplines. New in this edition is an expanded risk management emphasis that includes an overview chapter on enterprise risk management and a chapter on decision making under uncertainty designed to help decision makers use the results of risk analysis in practical ways to improve decisions and their outcomes. This book will empower you to enter the world of risk management in your own domain of expertise by providing you with practical, insightful, useful and adaptable knowledge of risk analysis science including risk management, risk assessment, and risk communication. Features: Answers the fundamental question, "What is Risk Analysis?" Presents the tasks of risk management, risk assessment, and risk communication in a straightforward, conceptual manner Responds to the continuing evolution of risk science and addresses the language of risk as it continues to evolve Expands the risk management emphasis with a new chapter to serve private industry and a growing public sector interest in the growing practice of enterprise risk management Includes a new chapter on decision making under uncertainty provides practical guidance and ideas for using risk science to improve decisions and their outcomes Features an expanded set of examples of the risk process that demonstrate the growing applications of risk analysis This book is suitable for executives, professionals and students who seek a fundamental understanding of risk management, risk assessment, and risk communication. A more detailed examination of this topic, suitable for practitioners from any discipline as well as students and professionals who aspire to become experts in the practice of risk analysis science, is found in Principles of Risk Analysis: Decision Making Under Uncertainty, Second Edition, ISBN: 978-1-138-47820-6.


Book Synopsis Primer on Risk Analysis by : Charles Yoe

Download or read book Primer on Risk Analysis written by Charles Yoe and published by CRC Press. This book was released on 2019-01-18 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Primer on Risk Analysis: Decision Making Under Uncertainty, Second Edition lays out the tasks of risk analysis in a straightforward, conceptual manner, tackling the question, "What is risk analysis?" Distilling the common principles of many risk dialects into serviceable definitions, it provides a foundation for the practice of risk management and decision making under uncertainty for professionals from all disciplines. New in this edition is an expanded risk management emphasis that includes an overview chapter on enterprise risk management and a chapter on decision making under uncertainty designed to help decision makers use the results of risk analysis in practical ways to improve decisions and their outcomes. This book will empower you to enter the world of risk management in your own domain of expertise by providing you with practical, insightful, useful and adaptable knowledge of risk analysis science including risk management, risk assessment, and risk communication. Features: Answers the fundamental question, "What is Risk Analysis?" Presents the tasks of risk management, risk assessment, and risk communication in a straightforward, conceptual manner Responds to the continuing evolution of risk science and addresses the language of risk as it continues to evolve Expands the risk management emphasis with a new chapter to serve private industry and a growing public sector interest in the growing practice of enterprise risk management Includes a new chapter on decision making under uncertainty provides practical guidance and ideas for using risk science to improve decisions and their outcomes Features an expanded set of examples of the risk process that demonstrate the growing applications of risk analysis This book is suitable for executives, professionals and students who seek a fundamental understanding of risk management, risk assessment, and risk communication. A more detailed examination of this topic, suitable for practitioners from any discipline as well as students and professionals who aspire to become experts in the practice of risk analysis science, is found in Principles of Risk Analysis: Decision Making Under Uncertainty, Second Edition, ISBN: 978-1-138-47820-6.


Science and Judgment in Risk Assessment

Science and Judgment in Risk Assessment

Author: National Research Council

Publisher: National Academies Press

Published: 1994-01-01

Total Pages: 668

ISBN-13: 030904894X

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The public depends on competent risk assessment from the federal government and the scientific community to grapple with the threat of pollution. When risk reports turn out to be overblownâ€"or when risks are overlookedâ€"public skepticism abounds. This comprehensive and readable book explores how the U.S. Environmental Protection Agency (EPA) can improve its risk assessment practices, with a focus on implementation of the 1990 Clean Air Act Amendments. With a wealth of detailed information, pertinent examples, and revealing analysis, the volume explores the "default option" and other basic concepts. It offers two views of EPA operations: The first examines how EPA currently assesses exposure to hazardous air pollutants, evaluates the toxicity of a substance, and characterizes the risk to the public. The second, more holistic, view explores how EPA can improve in several critical areas of risk assessment by focusing on cross-cutting themes and incorporating more scientific judgment. This comprehensive volume will be important to the EPA and other agencies, risk managers, environmental advocates, scientists, faculty, students, and concerned individuals.


Book Synopsis Science and Judgment in Risk Assessment by : National Research Council

Download or read book Science and Judgment in Risk Assessment written by National Research Council and published by National Academies Press. This book was released on 1994-01-01 with total page 668 pages. Available in PDF, EPUB and Kindle. Book excerpt: The public depends on competent risk assessment from the federal government and the scientific community to grapple with the threat of pollution. When risk reports turn out to be overblownâ€"or when risks are overlookedâ€"public skepticism abounds. This comprehensive and readable book explores how the U.S. Environmental Protection Agency (EPA) can improve its risk assessment practices, with a focus on implementation of the 1990 Clean Air Act Amendments. With a wealth of detailed information, pertinent examples, and revealing analysis, the volume explores the "default option" and other basic concepts. It offers two views of EPA operations: The first examines how EPA currently assesses exposure to hazardous air pollutants, evaluates the toxicity of a substance, and characterizes the risk to the public. The second, more holistic, view explores how EPA can improve in several critical areas of risk assessment by focusing on cross-cutting themes and incorporating more scientific judgment. This comprehensive volume will be important to the EPA and other agencies, risk managers, environmental advocates, scientists, faculty, students, and concerned individuals.


Risk Assessment in the Federal Government

Risk Assessment in the Federal Government

Author: National Research Council

Publisher: National Academies Press

Published: 1983-02-01

Total Pages: 206

ISBN-13: 0309033497

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The regulation of potentially hazardous substances has become a controversial issue. This volume evaluates past efforts to develop and use risk assessment guidelines, reviews the experience of regulatory agencies with different administrative arrangements for risk assessment, and evaluates various proposals to modify procedures. The book's conclusions and recommendations can be applied across the entire field of environmental health.


Book Synopsis Risk Assessment in the Federal Government by : National Research Council

Download or read book Risk Assessment in the Federal Government written by National Research Council and published by National Academies Press. This book was released on 1983-02-01 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regulation of potentially hazardous substances has become a controversial issue. This volume evaluates past efforts to develop and use risk assessment guidelines, reviews the experience of regulatory agencies with different administrative arrangements for risk assessment, and evaluates various proposals to modify procedures. The book's conclusions and recommendations can be applied across the entire field of environmental health.