Research Catalog

Title

Seeing tomorrow : rewriting the rules of risk / Ron S. Dembo, Andrew Freeman.

Author

Dembo, R. S. (Ron S.)

Publication

New York : John Wiley & Sons, ©1998.

Supplementary Content

• Contributor biographical information
• Publisher description

Items in the Library & Off-site

Details

Additional Authors

Freeman, Andrew.

Description

xii, 260 pages : illustrations; 24 cm

Summary

"In Seeing Tomorrow Ron Dembo and Andrew Freeman offer a dynamic framework designed to enhance our ability to make important decisions, and consequently change how we manage our investments. By incorporating investors' individual circumstances and tolerances - as well as the unique reasoning behind their decision making - this innovative approach captures much more of how we actually think about risk." "From the basic building blocks required for forward-looking risk management, Dembo and Freeman define and explore the roles and significance of such fundamentals as time horizons, risk measures, benchmarks, and scenarios. Once the foundation is laid, these elements are used to construct a solid architecture for risk management and risk-adjusted analysis that is not only general enough to be able to handle a multitude of risks, but also able to present many different measures of risk." "With clear-cut explanations and intriguing real-world examples, Seeing Tomorrow leads you step by step through the authors' risk rules. These include: choosing an appropriate time horizon, selecting scenarios, computing Value at Risk (VAR), assessing both the upside and downside of a potential deal, calculating Regret, and compiling a reliable Regret matrix. By combining Regret, Upside, and a measure of our tolerance for risk, the authors demonstrate how these components create a powerful new way of approaching decisions. They offer guidance on very specific real life problems - such as buying a house or suing someone - as well as on broad matters of strategy and investing."--Jacket.

Subjects

• Kapitalanlage
• Speculation
• Investments
• Entscheidung bei Risiko
• Risk management
• Investitionsentscheidung
• Risikoanalyse
• Risikomanagement
• Finanzmanagement

Note

• Includes index.

Bibliography (note)

• Includes bibliographical references and index.

Contents

Introduction: It Really Happened -- Ch. 1. How to Think About Risk -- Ch. 2. The Elements of Risk Management -- Ch. 3. Of Decisions and Risk -- Ch. 4. Sweet Regret -- Ch. 5. Keeping up with the Joneses -- Ch. 6. Paying for Playing -- Ch. 7. The Rap Trap and Evaluations -- Ch. 8. Of Life, Lotteries, and Stock Options -- Ch. 9. Making Good Things Better -- Ch. 10. Know your Risk -- Afterword: How Regret can Change your Life.

ISBN

• 0471247367
• 9780471247364
• 0471401633
• 9780471401636

LCCN

97049920

Owning Institutions

Princeton University Library