Robust simulation for mega-risks[ele...
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  • Robust simulation for mega-risks[electronic resource] :the path from single-solution to competitive, multi-solution methods for mega-risk management /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 363.34
    書名/作者: Robust simulation for mega-risks : the path from single-solution to competitive, multi-solution methods for mega-risk management // by Craig E. Taylor.
    作者: Taylor, Craig E.
    出版者: Cham : : Springer International Publishing :, 2015.
    面頁冊數: xxi, 164 p. : : ill., digital ;; 24 cm.
    Contained By: Springer eBooks
    標題: Emergency management.
    標題: Risk management - Planning.
    標題: Crisis management.
    標題: Earth Sciences.
    標題: Natural Hazards.
    標題: Simulation and Modeling.
    標題: Complex Systems.
    ISBN: 9783319194134
    ISBN: 9783319194127
    內容註: Introduction: Initial Queries Going Forward -- The Deductivist Theory of Probability and Statistics -- The Frequency Theory of Probability -- Probability and Randomness as Beliefs: Bayesian Theory -- More Challenges to Tradition: Extreme Value Diagnostics, Power Laws, and the Wobble -- Mathematization of Statistics: Flexibility and Convergence -- Robust Simulation and Non-linear Reasoning: Quantitative and Qualitative Examples -- Managing Expectations: Qualitative Considerations And Quantitative Decision Procedures -- Conclusions and Queries.
    摘要、提要註: This book introduces a new way of analyzing, measuring and thinking about mega-risks, a "paradigm shift" that moves from single-solutions to multiple competitive solutions and strategies. "Robust simulation" is a statistical approach that demonstrates future risk through simulation of a suite of possible answers. To arrive at this point, the book systematically walks through the historical statistical methods for evaluating risks. The first chapters deal with three theories of probability and statistics that have been dominant in the 20th century, along with key mathematical issues and dilemmas. The book then introduces "robust simulation" which solves the problem of measuring the stability of simulated losses, incorporates outliers, and simulates future risk through a suite of possible answers and stochastic modeling of unknown variables. This book discusses various analytical methods for utilizing divergent solutions in making pragmatic financial and risk-mitigation decisions. The book emphasizes the importance of flexibility and attempts to demonstrate that alternative credible approaches are helpful and required in understanding a great many phenomena.
    電子資源: http://dx.doi.org/10.1007/978-3-319-19413-4
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