Assessing Risk Assessment Towards Alternative Risk Measures for Complex Financial Systems /

• Main Author: Hoffmann, Christian Hugo (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Wiesbaden : Springer Fachmedien Wiesbaden : Imprint: Springer Gabler, 2017.
• Subjects: Risk management.; Economic theory.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Financial Crises.; Risk Management.

Christian Hugo Hoffmann undermines the citadel of risk assessment and management, arguing that classical probability theory is not an adequate foundation for modeling systemic and extreme risk in complex financial systems. He proposes a new class of models which focus on the knowledge dimension by p...