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Risk Theory

Rational Decision in the Face of Chance, Uncertainty, and Risk

  • Book
  • © 2022

Overview

Authors:
  1. Nicholas Rescher

    1. University of Pittsburgh, Pittsburgh, USA

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  • Offers a novel approach to risk management
  • Presents a philosophically guided theory of risk assessment
  • Includes an explanation of the role of choice and uncertainty in risk

Part of the book series: SpringerBriefs in Philosophy (BRIEFSPHILOSOPH)

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xiii
    Download chapter PDF

  2. Choice and Risk

    • Nicholas Rescher
    Pages 1-4

  3. Chance and Likelihood

    • Nicholas Rescher
    Pages 5-9

  4. Outcome-Yield Evaluation and Risk

    • Nicholas Rescher
    Pages 11-16

  5. Abnormal Situations and Eccentric Measurements

    • Nicholas Rescher
    Pages 17-22

  6. Situation Evaluation and Expectation

    • Nicholas Rescher
    Pages 23-29

  7. Uncertainty

    • Nicholas Rescher
    Pages 31-36

  8. Risk Assessment

    • Nicholas Rescher
    Pages 37-43

  9. Comparing Chancy Situations via Risk and Promise

    • Nicholas Rescher
    Pages 45-50

  10. Managing Risk and Uncertainty

    • Nicholas Rescher
    Pages 51-57

  11. The Social Aspect of Risk

    • Nicholas Rescher
    Pages 59-65

  12. Back Matter

    Pages 67-80
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Keywords

About this book

Apart from its foray into technical issues of risk assessment and management,  this book has one principal aim. With situations of chancy outcomes certain key factors—including outcome possibilities, overall expectation, threat, and even luck—are measurable parameters. But risk is something different: it is not measurable a single parametric quantity, but a many-sided factor that has several different components, and constitutes a complex phenomenon that must be assessed judgmentally in a highly contextualized way. This book explains and analyzes how this works out in practice.

Topics in this  work include choice and risk, chance and likelihood, as well as outcome-yield evaluation and risk. It takes into account abnormal situations and eccentric measurements, situational evaluation and expectation and scrutinizes the social aspect of risk. The book is of interest to logicians, philosophers of mathematics, and researchers of risk assessment. The project is a companion piece to the author's LUCK THEORY, also published by Springer.

Authors and Affiliations

  • University of Pittsburgh, Pittsburgh, USA

    Nicholas Rescher

About the author

Nicholas Rescher, a much published and widely respected philosopher, has been awarded the Aquinas Medal, the Helmholz Medal of the Berlin/Brandenburg Academy of Science, and the Order of Merit of the Federal Republic of Germany. Honorary degrees have been awarded to him by eight universities on three continents.

Bibliographic Information

  • Book Title: Risk Theory

  • Book Subtitle: Rational Decision in the Face of Chance, Uncertainty, and Risk

  • Authors: Nicholas Rescher

  • Series Title: SpringerBriefs in Philosophy

  • DOI: https://doi.org/10.1007/978-3-030-78502-4

  • Publisher: Springer Cham

  • eBook Packages: Religion and Philosophy, Philosophy and Religion (R0)

  • Copyright Information: The Author(s), under exclusive license to Springer Nature Switzerland AG 2022

  • Softcover ISBN: 978-3-030-78501-7Published: 05 October 2021

  • eBook ISBN: 978-3-030-78502-4Published: 04 October 2021

  • Series ISSN: 2211-4548

  • Series E-ISSN: 2211-4556

  • Edition Number: 1

  • Number of Pages: XIII, 80

  • Number of Illustrations: 48 b/w illustrations

  • Topics: Logic, Philosophy of Mathematics, Risk Management

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