Risk and Risk Management

Name: Risk and Risk Management
Creator: Mirela Iloiu
Keywords: 8. Economic growth, risk, uncertainty, losses, gains, pervasiveness, risk attitudes, reaction to risk, costs of risk

Mirela Iloiu

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Research Papers in Economics

Article . 2005

Full-Text: http://www.upet.ro/annals/pdf/Annals-2005.pdf

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Risk and Risk Management

descriptionPublicationkeyboard_double_arrow_right Article 01 Jan 2005Journal:Annals of University of Petroşani, volume 5, pages 165-168

Authors: Mirela Iloiu;

Risk and Risk Management

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Abstract

Risk exists whenever the future is unknown. This paper deals with the concepts of risk and uncertainty, risk attitudes and reaction to risk. It is explained the distinction between objective risk and subjective risk. Also, it presents risk attitudes and factors affecting them and the economic costs of risk: costs of unexpected losses and costs of uncertainty.

Keywords

risk, uncertainty, losses, gains, pervasiveness, risk attitudes, reaction to risk, costs of risk

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