Skip to product information
1 of 1

Risk Revealed

Cautionary Tales, Understanding and Communication

Author(s): Paul Embrechts, Marius Hofert, Valérie Chavez-Demoulin

ISBN: 9781009299817
Publication Date: 11/4/24
Pages: 384
Format: Paperback
Regular price £34.99 GBP
Regular price Sale price £34.99 GBP

🚚 Free UK delivery on books (excluding sale). T&Cs apply.

Free click & collect on all orders.

Explore the concept of risk through numerous examples and their statistical modeling, traveling from a historical perspective all the way to an up-to-date technical analysis. Written with a wide readership in mind, this book begins with accounts of a selection of major historical disasters, such as the North Sea flood of 1953 and the L'Aquila earthquake. These tales serve to set the scene and to motivate the second part of the book, which describes the mathematical tools required to analyze these events, and how to use them. The focus is on the basic understanding of the mathematical modeling of risk and what types of questions the methods allow one to answer. The text offers a bridge between the world of science and that of everyday experience. It is written to be accessible to readers with only a basic background in mathematics and statistics. Even the more technical discussions are interspersed with historical comments and plentiful examples.

  • Builds a bridge between the academic and the public understanding of risk
  • Uses numerous examples to present a holistic view of the concept of risk
  • Introduces statistical methodology with specific data applications in mind, giving readers a hands-on experience with data analysis of specific questions on risk
  • Illustrates the material with figures, charts, maps, output of statistical analyses as well as numerous cartoons