Risk Surprises and Black Swans

<p>Risk Surprises and Black Swans provides an in depth analysis of the risk concept with a focus on the critical link to knowledge; and the lack of knowledge that risk and probability judgements are based on.</p><p>Based on technical scientific research this book presents a new perspective to help you understand how to assess and manage surprising extreme events known as ‘Black Swans’. This approach looks beyond the traditional probability-based principles to offer a broader insight into the important aspects of uncertain events and in doing so explores the ways to manage them.</p><p>This book recognises the fundamental issues surrounding risk assessment and risk management to help you to understand and prepare for black swan events. </p><ul> <p> </p> <li>Complete with international examples to illustrate ideas and concepts</li> <p> </p> <li>Integrates risk management and resilience based thinking </li> <p> </p> <li>Suitable for a variety of applications including engineering finance and security. </li> </ul>