Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-t7czq Total loading time: 0 Render date: 2024-11-23T23:28:55.608Z Has data issue: false hasContentIssue false

Introduction

Published online by Cambridge University Press:  05 April 2024

Paul Embrechts
Affiliation:
Swiss Federal University (ETH), Zürich
Marius Hofert
Affiliation:
The University of Hong Kong
Valérie Chavez-Demoulin
Affiliation:
Université de Lausanne, Switzerland
Get access

Summary

This books reveals aspects of risk on a combined walk/hike/stroll through the landscape of risk. In the walk, we meet several cautionary tales and present historical events from a variety of areas including floods, technological disasters, earthquakes, tsunamis, finance as well as pandemics. From this walk we transition, via a chapter on stories from the realm of mathematics, into a more technically demanding hike. After an introduction of some of the main techniques from probability and statistics, needed to revisit and better understand the cautionary tales, we finish with a stroll discussing several examples where these techniques are applied. A better understanding is achieved by introducting many pedagogical and historical examples. Throughout the book, we stress the need for evidence-based communication. An overall common thread of the book is “From if to what if”. The "what if" thinking links up with the modeling of extreme events and the necessity of stress testing. Throughout, obtaining and analyzing data are key. A special feature of the book is the inclusion of several cartoons by Enrico Chavez. They typically bring arguments made in the text to their key essentials.

Type
Chapter
Information
Risk Revealed
Cautionary Tales, Understanding and Communication
, pp. xiii - xx
Publisher: Cambridge University Press
Print publication year: 2024

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×