Richard Zeckhauser's Books

The Known, the Unknown, and the Unknowable in Financial Risk Management

Measurement and Theory Advancing Practice

By: Francis X. Diebold,Neil A. Doherty,Richard J. Herring

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The Known, the Unknown, and the Unknowable in Financial Risk Management

Measurement and Theory Advancing Practice

By: Francis X. Diebold,Neil A. Doherty,Richard J. Herring

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called KuU --the K nown, the u nknown, and the U nknowable--that enables one to conceptualize the different kinds of financial risks and design effective strategies for managing them. Bringing together contributions by leaders in finance and economics, this book pushes toward robustifying policies, portfolios, contracts, and organizations to a wide variety of KuU risks. Along the way, the strengths and limitations of "quantitative" risk management are revealed. In addition to the editors, the contributors are Ashok Bardhan, Dan Borge, Charles N. Bralver, Riccardo Colacito, Robert H. Edelstein, Robert F. Engle, Charles A. E. Goodhart, Clive W. J. Granger, Paul R. Kleindorfer, Donald L. Kohn, Howard Kunreuther, Andrew Kuritzkes, Robert H. Litzenberger, Benoit B. Mandelbrot, David M. Modest, Alex Muermann, Mark V. Pauly, Til Schuermann, Kenneth E. Scott, Nassim Nicholas Taleb, and Richard J. Zeckhauser. Introduces a new risk-management paradigm Features contributions by leaders in finance and economics Demonstrates how "killer risks" are often more economic than statistical, and crucially linked to incentives Shows how to invest and design policies amid financial uncertainty

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392

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Princeton University Press

Published Date

ISBN 10

0691128839

ISBN 13

9780691128832

Organizations and Organizing

Rational, Natural and Open Systems Perspectives

By: W Richard Scott,Gerald F. Davis

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Organizations and Organizing

Rational, Natural and Open Systems Perspectives

By: W Richard Scott,Gerald F. Davis

This broad, balanced introduction to organizational studies enables the reader to compare and contrast different approaches to the study of organizations. This book is a valuable tool for the reader, as we are all intertwined with organizations in one form or another. Numerous other disciplines besides sociology are addressed in this book, including economics, political science, strategy and management theory. Topic areas discussed in this book are the importance of organizations; defining organizations; organizations as rational, natural, and open systems; environments, strategies, and structures of organizations; and organizations and society. For those employed in fields where knowledge of organizational theory is necessary, including sociology, anthropology, cognitive psychology, industrial engineering, managers in corporations and international business, and business strategists.

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464

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Routledge

Published Date

ISBN 10

1317345924

ISBN 13

9781317345923

The Rationality Quotient

Toward a Test of Rational Thinking

By: Keith E. Stanovich,Richard F. West,Maggie E. Toplak

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The Rationality Quotient

Toward a Test of Rational Thinking

By: Keith E. Stanovich,Richard F. West,Maggie E. Toplak

How to assess critical aspects of cognitive functioning that are not measured by IQ tests: rational thinking skills. Why are we surprised when smart people act foolishly? Smart people do foolish things all the time. Misjudgments and bad decisions by highly educated bankers and money managers, for example, brought us the financial crisis of 2008. Smart people do foolish things because intelligence is not the same as the capacity for rational thinking. The Rationality Quotient explains that these two traits, often (and incorrectly) thought of as one, refer to different cognitive functions. The standard IQ test, the authors argue, doesn't measure any of the broad components of rationality—adaptive responding, good judgment, and good decision making. The authors show that rational thinking, like intelligence, is a measurable cognitive competence. Drawing on theoretical work and empirical research from the last two decades, they present the first prototype for an assessment of rational thinking analogous to the IQ test: the CART (Comprehensive Assessment of Rational Thinking). The authors describe the theoretical underpinnings of the CART, distinguishing the algorithmic mind from the reflective mind. They discuss the logic of the tasks used to measure cognitive biases, and they develop a unique typology of thinking errors. The Rationality Quotient explains the components of rational thought assessed by the CART, including probabilistic and scientific reasoning; the avoidance of “miserly” information processing; and the knowledge structures needed for rational thinking. Finally, the authors discuss studies of the CART and the social and practical implications of such a test. An appendix offers sample items from the test.

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479

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MIT Press

Published Date

ISBN 10

0262034840

ISBN 13

9780262034845

Using Surveys to Value Public Goods

The Contingent Valuation Method

By: Robert Cameron Mitchell,Richard T. Carson

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Using Surveys to Value Public Goods

The Contingent Valuation Method

By: Robert Cameron Mitchell,Richard T. Carson

Economists and others have long believed that by balancing the costs of such public goods as air quality and wilderness areas against their benefits, informed policy choices can be made. But the problem of putting a dollar value on cleaner air or water and other goods not sold in the marketplace has been a major stumbling block. Mitchell and Carson, for reasons presented in this book, argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods---an approach likely to succeed, if used carefully, where other methods may fail. The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys. Mitchell and Carson begin by introducing the contingent valuation method, describing how it works and the nature of the benefits it can be used to measure, comparing it to other methods for measuring benefits, and examining the data-gathering technique on which it is based---survey research. Placing contingent valuation in the larger context of welfare theory, the authors examine how the CV method impels a deeper understanding of willingness-to-pay versus willingness-to-accept compensation measures, the possibility of existence values for public goods, the role of uncertainty in benefit valuation, and the question of whether a consumer goods market or a political goods market (referenda) should be emulated. In developing a CV methodology, the authors deal with issues of broader significance to survey research. Their model of respondent error is relevant to current efforts to frame a theory of response behavior and bias typology will interest those considering the cognitive aspects of answering survey questions. Mitchell and Carson conclude that the contingent valuation method can obtain valid valuation information on public goods, but only if the method is applied in a way that addresses the potential sources of error and bias. They end their book by providing guidelines for CV practitioners, a list of questions that should be asked by any decision maker who wishes to use the findings of a CV study, and suggestions for new applications of contingent valuation. Additional features include a comprehensive bibliography of the CV literature and an appendix summarizing more than 100 CV studies.

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482

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Routledge

Published Date

ISBN 10

1135887748

ISBN 13

9781135887742

Introduction to Intelligence

Institutions, Operations, and Analysis

By: Jonathan M. Acuff,Lamesha Craft,Christopher J. Ferrero,Joseph Fitsanakis,Richard J. Kilroy, Jr.,Jonathan Smith

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Introduction to Intelligence

Institutions, Operations, and Analysis

By: Jonathan M. Acuff,Lamesha Craft,Christopher J. Ferrero,Joseph Fitsanakis,Richard J. Kilroy, Jr.,Jonathan Smith

Introduction to Intelligence: Institutions, Operations, and Analysis offers a strategic, international, and comparative approach to covering intelligence organizations and domestic security issues. Written by multiple authors, each chapter draws on the author′s professional and scholarly expertise in the subject matter. As a core text for an introductory survey course in intelligence, this text provides readers with a comprehensive introduction to intelligence, including institutions and processes, collection, communications, and common analytic methods.

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359

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CQ Press

Published Date

ISBN 10

1544374704

ISBN 13

9781544374703

Simple Rules for a Complex World

By: Richard Allen EPSTEIN,Richard Allen Epstein

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Simple Rules for a Complex World

By: Richard Allen EPSTEIN,Richard Allen Epstein

Too many laws, too many lawyers--that's the necessary consequence of a complex society, or so conventional wisdom has it. Countless pundits insist that any call for legal simplification smacks of nostalgia, sentimentality, or naivete. But the conventional view, the noted legal scholar Richard Epstein tells us, has it exactly backward. The richer texture of modern society allows for more individual freedom and choice. And it allows us to organize a comprehensive legal order capable of meeting the technological and social challenges of today on the basis of just six core principles. In this book, Epstein demonstrates how. The first four rules, which regulate human interactions in ordinary social life, concern the autonomy of the individual, property, contract, and tort. Taken together these rules establish and protect consistent entitlements over all resources, both human and natural. These rules are backstopped by two more rules that permit forced exchanges on payment of just compensation when private or public necessity so dictates. Epstein then uses these six building blocks to clarify many intractable problems in the modern legal landscape. His discussion of employment contracts explains the hidden virtues of contracts at will and exposes the crippling weaknesses of laws regarding collective bargaining, unjust dismissal, employer discrimination, and comparable worth. And his analysis shows how laws governing liability for products and professional services, corporate transactions, and environmental protection have generated unnecessary social strife and economic dislocation by violating these basic principles. Simple Rules for a Complex World offers a sophisticated agenda for comprehensive social reform that undoes much of the mischief of the modern regulatory state. At a time when most Americans have come to distrust and fear government at all levels, Epstein shows how a consistent application of economic and political theory allows us to steer a middle path between too much and too little.

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377

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Harvard University Press

Published Date

ISBN 10

0674036565

ISBN 13

9780674036567

Institutions and Organizations

Ideas and Interests

By: W. Richard Scott

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Institutions and Organizations

Ideas and Interests

By: W. Richard Scott

Introduction -- Early institutionalists -- Institutional theory meets organization studies -- Crafting an analytic framework I : three pillars of institutions -- Constructing an analytic framework II : content, agency, carriers, and levels -- Institutional construction -- Institutionalization -- Institutional processes and organizations -- Institutional processes and organization fields -- An overview and a caution.

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281

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SAGE

Published Date

ISBN 10

1412950902

ISBN 13

9781412950909

Ethics in Public Service

By: Richard A. Chapman

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Ethics in Public Service

By: Richard A. Chapman

Specialists from the U.S., Canada, Britain, Australia and Sweden focus on topics from the field of public service ethics. They cover promotion of ethics, the teaching of ethics, freedom of information, trade unions, protection of human rights and legal aspects of public service ethics.

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193

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McGill-Queen's Press - MQUP

Published Date

ISBN 10

0773591575

ISBN 13

9780773591578

Economics

Private and Public Choice

By: James D Gwartney,Richard Stroup

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Economics

Private and Public Choice

By: James D Gwartney,Richard Stroup

Economics: Private and Public Choice, Second Edition deals with modern Keynesian theory, monetarist theory, collective decision-making, and the traditional demand-side of macroeconomics. The book explains economic principles, such as taxation, government expenditure, public choice theory, rate of employment, aggregate supply, fiscal policy, low productivity, inflation, and adaptive expectation hypothesis. The text also covers microeconomics, particularly, capital interest, profits, energy market, and the indifference curve analysis. The book discusses inequality, income mobility, and the battle against poverty where a market system can encourage the careful use of resources, high productivity, and freedom of choice for individuals to bear the costs and reap the benefits. The text points out that income redistribution can result in some conflicts. As an example, the book analyzes income inequality in the United Sates, income inequality in other countries, as well as its causes. The book also describes the characteristics of less developed countries as having low per capita income, dominance of agriculture-household sector, rapid population growth, income that is more unequally distributed, including inadequate health care and education. The book is suitable for economists, sociologists, and policy makers involved in national economic development.

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936

Publisher

Academic Press

Published Date

ISBN 10

1483264432

ISBN 13

9781483264431

The Winner's Curse

Paradoxes and Anomalies of Economic Life

By: Richard H. Thaler

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The Winner's Curse

Paradoxes and Anomalies of Economic Life

By: Richard H. Thaler

Winner of the Nobel Memorial Prize in Economic Sciences Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers—they pay too much and suffer the "winner's curse"—why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.

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291

Publisher

Simon and Schuster

Published Date

ISBN 10

1451697872

ISBN 13

9781451697872

Catastrophe

Risk and Response

By: Richard A. Posner

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Catastrophe

Risk and Response

By: Richard A. Posner

Catastrophic risks are much greater than is commonly appreciated. Collision with an asteroid, runaway global warming, voraciously replicating nanomachines, a pandemic of gene-spliced smallpox launched by bioterrorists, and a world-ending accident in a high-energy particle accelerator, are among the possible extinction events that are sufficiently likely to warrant careful study. How should we respond to events that, for a variety of psychological and cultural reasons, we find it hard to wrap our minds around? Posner argues that realism about science and scientists, innovative applications of cost-benefit analysis, a scientifically literate legal profession, unprecedented international cooperation, and a pragmatic attitude toward civil liberties are among the keys to coping effectively with the catastrophic risks.

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333

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Oxford University Press

Published Date

ISBN 10

0199884382

ISBN 13

9780199884384

Has Trust in the U.S. Intelligence Community Eroded?

Examining the Relationship Between Policymakers and Intelligence Providers

By: Christopher Dictus,Yuliya Shokh,Isabelle Lily Nazha,Marek Posard,Richard Girven,Sina Beaghley,Anthony Vassalo

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Has Trust in the U.S. Intelligence Community Eroded?

Examining the Relationship Between Policymakers and Intelligence Providers

By: Christopher Dictus,Yuliya Shokh,Isabelle Lily Nazha,Marek Posard,Richard Girven,Sina Beaghley,Anthony Vassalo

Researchers explored whether and to what degree trust in intelligence predictions has degraded over time and what factors might have driven any perceived or real changes in the relationship between U.S. policymakers and the intelligence community.

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145

Publisher

Rand Corporation

Published Date

ISBN 10

1977412777

ISBN 13

9781977412775

From Free to Fair Markets

Liberalism After Covid

By: Richard Holden,Rosalind Dixon

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From Free to Fair Markets

Liberalism After Covid

By: Richard Holden,Rosalind Dixon

From Free to Fair Markets' proposes a new vision of liberalism coming out of the COVID-19 pandemic. An accessible articulation of a new economic path for liberal societies, this book addresses problems of economic disadvantage, stagnation, inequality, and climate change, and simultaneously emphasizes the importance of markets in ensuring the efficiency and sustainability of policy solutions. With concrete policies and practical steps, Rosalind Dixon and Richard Holden's proposal for future of liberalism offers a new way to think about economic policy that is fair and capable of responding to the challenges of a post-COVID world.

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241

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Oxford University Press

Published Date

ISBN 10

0197625975

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9780197625972

Economics and Sociology

Redefining Their Boundaries: Conversations with Economists and Sociologists

By: Richard Swedberg

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Economics and Sociology

Redefining Their Boundaries: Conversations with Economists and Sociologists

By: Richard Swedberg

The boundary between economics and sociology is presently being redefined--but how, why, and by whom? Richard Swedberg answers these questions in this thought-provoking book of conversations with well-known economists and sociologists. Among the economists interviewed are Gary Becker, Amartya Sen, Kenneth Arrow, and Albert O. Hirschman; the sociologists include Daniel Bell, Harrison White, James Coleman, and Mark Granovetter. The picture that emerges is that economists and sociologists have paid little attention to each other during most of the twentieth century: social problems have been analyzed as if they had no economic dimension and economic problems as if they had no social dimension. Today, however, there is a dialogue between the two fields, as economists take on social topics and as sociologists become interested in rational choice and "new economic sociology." The interviewees describe how they came to challenge the present separation between economics and sociology, what they think of the various proposals to integrate the fields, and how they envision the future. The author summarizes the results of the conversations in the final chapter. The individual interviews also serve as superb introductions to the work of these scholars.

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370

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Princeton University Press

Published Date

ISBN 10

0691221324

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9780691221328

Enforcing the Law

Case of the Clean Water Acts

By: Susan Hunter,Richard W. Waterman

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Enforcing the Law

Case of the Clean Water Acts

By: Susan Hunter,Richard W. Waterman

This text provides an analysis of the EPA enforcement of the Clean Water Act and its amendments. The book uses extensive EPA data, including a survey of the EPA and state level environmental officials, to examine enforcement from the perspective of the enforcement personnel.

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235

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Routledge

Published Date

ISBN 10

1315285673

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9781315285672

Nudge

The Final Edition

By: Richard H. Thaler,Cass R. Sunstein

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Nudge

The Final Edition

By: Richard H. Thaler,Cass R. Sunstein

An essential new edition―revised and updated from cover to cover―of one of the most important books of the last two decades, by Nobel Prize winner Richard H. Thaler and Cass R. Sunstein * More than 2 million copies sold * New York Times bestseller Since the original publication of Nudge more than a decade ago, the title has entered the vocabulary of businesspeople, policy makers, engaged citizens, and consumers everywhere. The book has given rise to more than 400 “nudge units” in governments around the world and countless groups of behavioral scientists in every part of the economy. It has taught us how to use thoughtful “choice architecture”—a concept the authors invented—to help us make better decisions for ourselves, our families, and our society. Now, the authors have rewritten the book from cover to cover, making use of their experiences in and out of government over the past dozen years as well as an explosion of new research in numerous academic disciplines. To commit themselves to never undertaking this daunting task again, they are calling this the “final edition.” It offers a wealth of new insights, for both its avowed fans and newcomers to the field, about a wide variety of issues that we face in our daily lives—COVID-19, health, personal finance, retirement savings, credit card debt, home mortgages, medical care, organ donation, climate change, and “sludge” (paperwork and other nuisances we don’t want, and that keep us from getting what we do want)—all while honoring one of the cardinal rules of nudging: make it fun!

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384

Publisher

Penguin

Published Date

ISBN 10

052550852X

ISBN 13

9780525508526

An Evolutionary Theory of Economic Change

By: Richard R. Nelson,Sidney G. Winter

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An Evolutionary Theory of Economic Change

By: Richard R. Nelson,Sidney G. Winter

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Richard R. Nelson and Sidney G. Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

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420

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Harvard University Press

Published Date

ISBN 10

0674256565

ISBN 13

9780674256569

Democracy and Technology

By: Richard Sclove

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Democracy and Technology

By: Richard Sclove

Intended for anyone interested in democracy and public policy, social justice and empowerment, political economy and business or the social consequences of technology and architecture.

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356

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Guilford Press

Published Date

ISBN 10

089862861X

ISBN 13

9780898628616

Managing Risk and Uncertainty

A Strategic Approach

By: Richard Friberg

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Managing Risk and Uncertainty

A Strategic Approach

By: Richard Friberg

A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

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395

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MIT Press

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ISBN 10

0262528193

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9780262528191

Making Democracy Work Better

Mediating Structures, Social Capital, and the Democratic Prospect

By: Richard A. Couto

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Making Democracy Work Better

Mediating Structures, Social Capital, and the Democratic Prospect

By: Richard A. Couto

The decade of the 1980s marked a triumph for market capitalism. As politicians of all stripes sought to reinvent government in the image of private enterprise, they looked to the voluntary sector for allies to assuage the human costs of reductions in public policies of social welfare. This book details the "savage side" of market capitalism in Appalachia and explains the social, political, and economic roles that mediating structures play in mitigating it. Profiling the work of twenty-three such mediating structures--community-based organizations that battled to provide social safety nets, fight environmental assaults, and upgrade the education and job skills of Appalachian residents--Richard Couto distills the practical lessons to be found in their successes and shortcomings. Couto argues that a broader set of democratic dimensions be used in taking the measure of civil society and public policy in the twenty-first century. He shows that mediating structures promote the democratic prospect of reduced inequality and increased communal bonds when they provide and advocate for new forms and increased amounts of social capital--the public goods and moral resources that we invest in one another as members of a community.

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364

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UNC Press Books

Published Date

ISBN 10

0807861081

ISBN 13

9780807861080

Policy Analysis in National Security Affairs

New Methods for a New Era

By: Richard L. Kugler

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Policy Analysis in National Security Affairs

New Methods for a New Era

By: Richard L. Kugler

This book addresses how to conduct policy analysis in the field of national security, including foreign policy and defense strategy. It is a philosophical and conceptual book for helphing people think deeply, clearly, and insightfully about complex policy issues. This books reflects the viewpoint that the best policies normally come from efforts to synthesize competing camps by drawing upon the best of each of them and by combining them to forge a sensible whole. While this book is written to be reader-friendly, it aspires to in-depth scholarship.

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664

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Government Printing Office

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ISBN 10

1579060706

ISBN 13

9781579060701

Ecosystems and Human Health

Toxicology and Environmental Hazards, Third Edition

By: Richard B. Philp

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Ecosystems and Human Health

Toxicology and Environmental Hazards, Third Edition

By: Richard B. Philp

Since the second edition of this text was published, many new environmental incidents have occurred, including another nuclear disaster, a mine disaster in the United States, and the Gulf of Mexico oil spill. Updated throughout the text, Ecosystems and Human Health: Toxicology and Environmental Hazards, Third Edition explores the broad range of env

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429

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CRC Press

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ISBN 10

1466567244

ISBN 13

9781466567245

Principles of Economic Sociology

By: Richard Swedberg

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Principles of Economic Sociology

By: Richard Swedberg

The last fifteen years have witnessed an explosion in the popularity, creativity, and productiveness of economic sociology, an approach that traces its roots back to Max Weber. This important new text offers a comprehensive and up-to-date overview of economic sociology. It also advances the field theoretically by highlighting, in one analysis, the crucial economic roles of both interests and social relations. Richard Swedberg describes the field's critical insights into economic life, giving particular attention to the effects of culture on economic phenomena and the ways that economic actions are embedded in social structures. He examines the full range of economic institutions and explicates the relationship of the economy to politics, law, culture, and gender. Swedberg notes that sociologists too often fail to properly emphasize the role that self-interested behavior plays in economic decisions, while economists frequently underestimate the importance of social relations. Thus, he argues that the next major task for economic sociology is to develop a theoretical and empirical understanding of how interests and social relations work in combination to affect economic action. Written by an author whose name is synonymous with economic sociology, this text constitutes a sorely needed advanced synthesis--and a blueprint for the future of this burgeoning field.

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385

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Princeton University Press

Published Date

ISBN 10

1400829372

ISBN 13

9781400829378

Perception of Reality and the Fate of a Civilization

Ordinary People as Virtual Pioneers in Critical Times

By: Richard J. Robertson

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Perception of Reality and the Fate of a Civilization

Ordinary People as Virtual Pioneers in Critical Times

By: Richard J. Robertson

Many observers of the world scene in recent decades have raised questions about the future of Western Civilization, and the United States as the foremost exemplar. They see us locked in tangles of inconsistent intentions and self contradictory efforts to remedy growing political and environmental problems. This development may be an inevitable consequence of the evolution of first principles which deteriorate in a civilization as their implications are drawn out over time. The process is one in which people behaving to maximise individual and social purposes competitively reinterpret their perceptions of reality until the culture stagnates from a deficiency of common purpose.

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527

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Xlibris Corporation

Published Date

ISBN 10

1462840647

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9781462840649

The Theory of Externalities, Public Goods, and Club Goods

By: Richard Cornes,Todd Sandler

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The Theory of Externalities, Public Goods, and Club Goods

By: Richard Cornes,Todd Sandler

This book presents an updated and expanded discussion of theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods.

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620

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Cambridge University Press

Published Date

ISBN 10

0521477182

ISBN 13

9780521477185

Framing Risky Choices

Brexit and the Dynamics of High-Stakes Referendums

By: Ece Özlem Atikcan,Richard Nadeau,Éric Bélanger

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Framing Risky Choices

Brexit and the Dynamics of High-Stakes Referendums

By: Ece Özlem Atikcan,Richard Nadeau,Éric Bélanger

The majority of policymakers, academics, and members of the general public expected British citizens to vote to remain in the European Union in the 2016 referendum. This perception was based on the well-established idea that voters don't like change or uncertainty. So why did the British public vote to take such a major economic risk? Framing Risky Choices addresses this question by placing the Brexit vote in the bigger picture of EU and Scottish independence referendums. Drawing from extensive interviews and survey data, it asserts that the framing effect – mobilizing voters by encouraging them to think along particular lines – matters, but not every argument is equally effective. Simple, evocative, and emotionally compelling frames that offer negativity are especially effective in changing people's minds. In the Brexit case, the Leave side neutralized the economic risks of Brexit and proposed other risks relating to remaining in the EU, such as losing control of immigration policy and a lack of funding for the National Health Service. These concrete, impassioned arguments struck an immediate and familiar chord with voters. Most intriguingly, the Remain side was silent on these issues, without an emotional case to present. Framing Risky Choices presents a multi-method, comparative, state-of-the-art analysis of how the Brexit campaign contributed to the outcome. Uncovering the core mechanism behind post-truth politics, it shows that the strength of an argument is not its empirical validity but its public appeal.

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226

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McGill-Queen's Press - MQUP

Published Date

ISBN 10

0228002257

ISBN 13

9780228002253

Societal Risk Assessment

How Safe is Safe Enough?

By: Richard C. Schwing,Walter A. Albers

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Societal Risk Assessment

How Safe is Safe Enough?

By: Richard C. Schwing,Walter A. Albers

This volume constitutes the papers and discussions from a symposium on "Societal Risk Assessment: How Safe is Safe Enough?" held at the General Motors Research Laboratories on October 8-9, 1979. This symposium was the twenty-fourth in an annual series sponsored by the Research Laboratories. Initi ated in 1957, these symposia have as their objective the promotion of the interchange ofknowledge among specialists from many allied disciplines in rapidly developing or changing areas ofscience or technology. Attendees characteristically represent the academic, government, and industrial institutions that are noted for their ongoing activities in the particular area of interest. The objective of this symposium was to develop a balanced view of the current status of societal risk assessment's role in the public policy process and then to establish, if possible, future directions of research. Accordingly, the symposium was structured in two dimensions; certainty versus uncertainty and the subjective versus the objective. Furthermore, people representing extremely diverse discip lines concerned with the perception, quantification, and abatement of risks were brought together to provide an environment that stimulated the exchange of ideas and experiences. The keys to this exchange were the invited papers, arranged into four symposium sessions. These papers appear in this volume in the order of their presentation. The discussions that in turn followed from the papers are also included.

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363

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Springer

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ISBN 10

148990445X

ISBN 13

9781489904454

The Art of Woo

Using Strategic Persuasion to Sell Your Ideas

By: G. Richard Shell,Mario Moussa

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The Art of Woo

Using Strategic Persuasion to Sell Your Ideas

By: G. Richard Shell,Mario Moussa

You may need The Art of War to defeat your enemies, but if you prefer to win them over, read The Art of Woo G. Richard Shell and Mario Moussa know what it takes to drive new ideas through complex organizations. They have advised thousands of executives from companies such as Google, Microsoft, and General Electric to organizations like the World Bank and even the FBI's hostage rescue training program. In The Art of Woo, they present their systematic, four- step process for winning over even the toughest bosses and most skeptical colleagues. Beginning with two powerful self-assessments to help readers find their "Woo IQ," they show how relationship-based persuasion works to open hearts and minds. "Ranging across history, from Charles Lindbergh to Sam Walton, the authors examine how savvy negotiators use persuasion - not confrontation-to achieve goals." -U.S. News & World Report

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332

Publisher

Penguin

Published Date

ISBN 10

1101202513

ISBN 13

9781101202517

Quasi Rational Economics

By: Richard H. Thaler

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Quasi Rational Economics

By: Richard H. Thaler

Standard economics theory is built on the assumption that human beings act rationally in their own self interest. But if rationality is such a reliable factor, why do economic models so often fail to predict market behavior accurately? According to Richard Thaler, the shortcomings of the standard approach arise from its failure to take into account systematic mental biases that color all human judgments and decisions.

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396

Publisher

Russell Sage Foundation

Published Date

ISBN 10

087154847X

ISBN 13

9780871548474

Household Finance

An Introduction to Individual Financial Behavior

By: Richard Deaves

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Household Finance

An Introduction to Individual Financial Behavior

By: Richard Deaves

Household Finance: An Introduction to Individual Financial Behavior is about how individuals make financial decisions, and how these financial decisions contribute to and detract from their well-being. What sort of decisions am I talking about? We all must manage our money, shifting our resources across time. Sometimes we need to consume more than is currently available to us. For example, people commonly borrow to purchase residential real estate, paying down their mortgage loans over time. At other times, we have excess funds that we can save and invest. The main reason to accumulate wealth is to amass a fund that we can draw down when older and less able and willing to earn labor income. It is crucial, then, that our savings be sufficient to ensure a comfortable retirement. It is not enough to save; our savings must be invested appropriately so as to properly counterbalance risk and return. One way is to buy low-cost mutual funds or exchange-traded funds where the job of diversification is done for us. Some of us, however, purchase not only investment funds but also individual securities that we ourselves select. If so, it is vital that we avoid preventable errors. And, along the way, since the world is unpredictable, it is appropriate to protect ourselves by insuring against the sort of catastrophic loss that can derail our best-laid financial plans"--

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449

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Oxford University Press

Published Date

ISBN 10

0197699855

ISBN 13

9780197699850

Worldviews

An Introduction to the History and Philosophy of Science

By: Richard DeWitt

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Worldviews

An Introduction to the History and Philosophy of Science

By: Richard DeWitt

Updated throughout and with three entirely new chapters, Worldviews: An Introduction to the History and Philosophy of Science, Second Edition furthers its reputation as the definitive introductory text on the historical developments and philosophical issues that inform our scientific view of the world around us. Represents an innovative introduction to the history and philosophy of science, designed especially for those coming to the subject for the first time Updated new edition features the addition of chapters focusing on scientific laws, evolutionary theory, and implications of evolution Covers the key historical developments and philosophical themes that have impacted our scientific view of the world around us Analyzes the transitions from the Aristotelian worldview to the Newtonian worldview to a new and currently developing worldview Explores challenges to the Western scientific worldview brought on by recent discoveries

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457

Publisher

John Wiley & Sons

Published Date

ISBN 10

144439276X

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9781444392760

How Audiences Decide

A Cognitive Approach to Business Communication

By: Richard O. Young

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How Audiences Decide

A Cognitive Approach to Business Communication

By: Richard O. Young

How Audiences Decide: A Cognitive Approach to Business Communication is a comprehensive introduction to persuasive communication in the context of business. It summarizes relevant theories and findings from the fields of cognitive science, social cognition, leadership, team cognition, psycholinguistics, and behavioral economics. By illuminating the thought processes of many different audiences, from consumers to Wall Street analysts to CEOs, it helps communicators better understand why audiences make the decisions they make and how to influence them. The book covers a broad range of communication techniques—including those concerning persuasive speaking and writing, interviews and group meetings, content and style, typography and nonverbal behaviors, charts and images, rational arguments and emotional appeals—and examines the empirical evidence supporting each of them.

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525

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Routledge

Published Date

ISBN 10

113691188X

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9781136911880

Post-LBO development

Analysis of Changes in Strategy, Operations, and Performance after the Exit from Leveraged Buyouts in Germany

By: Richard K. Lenz

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Post-LBO development

Analysis of Changes in Strategy, Operations, and Performance after the Exit from Leveraged Buyouts in Germany

By: Richard K. Lenz

Richard K. Lenz analyses how LBOs evolve after the financial investors have exited. Based on three case studies of former LBOs in Germany, he shows that performance decline is often related to the weakening of the former performance-enhancing series of governance instruments.

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549

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Springer Science & Business Media

Published Date

ISBN 10

3834986003

ISBN 13

9783834986009

Radical Business Ethics

By: Richard L. Lippke

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Radical Business Ethics

By: Richard L. Lippke

Arguing against most scholars of business ethics who have articulated a set of moral principles and applied them to problems faced by business people, Richard Lippke steers away from offering moral directives. In Radical Business Ethics, he develops a more comprehensive perspective on business issues that is tied to larger questions of social justice. Analyzing a select group of timely issues such as advertising, employee privacy, and insider trading in the context of debates about the nature of the just society, Lippke argues that the most plausible theory of justice is one whose implications are highly critical of many features of advanced capitalist societies. Radical Business Ethics will be an eye-opening book for students and scholars of ethics, and anyone interested in the role business plays in a just society.

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224

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Rowman & Littlefield

Published Date

ISBN 10

0847680703

ISBN 13

9780847680702

Theory and Policy in International Relations

By: Raymond Tanter,Richard Ullman

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Theory and Policy in International Relations

By: Raymond Tanter,Richard Ullman

A group of leading political scientists assess the relevance and usefulness of international relations theory for policymaking. The editors' introduction reviews the "state of the art," the importance and liabilities of theory for the policymaker, and the problems of organizing knowledge to meet the needs of the policy community. Originally published in 1972. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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275

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Princeton University Press

Published Date

ISBN 10

1400871352

ISBN 13

9781400871353

Gift of Life

The Effect of Organ Transplantation on Individual, Family, and Societal Dynamics

By: Roberta G. Simmons,Susan Klein Marine,Richard Lawrence Simmons

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Gift of Life

The Effect of Organ Transplantation on Individual, Family, and Societal Dynamics

By: Roberta G. Simmons,Susan Klein Marine,Richard Lawrence Simmons

Analyzing one of the most dramatic of the new medical technologies--Organ Transplantation--Gift of Life covers those aspects that have general implications for public policy and sociological theory, and describes the social-psycho-logical impact of kidney transplantation itself. Gift of Life beginswith an examination of the overall, unresolved ethical issues related to kidney transplan-tation--the problem of selecting patients for a scarce therapy.., the problem of withholding treatment from patients of greater physical and psychological risk ... the issue of utilizing living related kidney donors vs. cadaver donors. The book concentrates on organ donors and their families, and studies the effect of this type of extreme altruism. It also examines the stress for the family as the members try to decide who, if anyone, will give a kidney. The work shows how individuals and families make major decisions under stress. Discussed in detail are family communication processes and emotional relationships between donor and recipient, as well as the impact of donation upon the family of the cadaver-donor. The final analysis deals with the health care delivery issues and the questions of funding created by the rapid rise of this new technology. Gift of Life, with its exposition of decision making communication, and reaction to stress, is of relevance to social science theory and policy.

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566

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Transaction Publishers

Published Date

ISBN 10

1412824605

ISBN 13

9781412824606

The Matching Law

Papers in Psychology and Economics

By: Richard J. Herrnstein

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The Matching Law

Papers in Psychology and Economics

By: Richard J. Herrnstein

This impressive collection features Richard Herrnstein's most important and original contributions to the social and behavioral sciences--his papers on choice behavior in animals and humans and on his discovery and elucidation of a general principle of choice called the matching law. In recent years, the most popular theory of choice behavior has been rational choice theory. Developed and elaborated by economists over the past hundred years, it claims that individuals make choices in such a way as to maximize their well-being or utility under whatever constraints they face; that is, people make the best of their situations. Rational choice theory holds undisputed sway in economics, and has become an important explanatory framework in political science, sociology, and psychology. Nevertheless, its empirical support is thin. The matching law is perhaps the most important competing explanatory account of choice behavior. It views choice not as a single event or an internal process of the organism but as a rate of observable events over time. It states that instead of maximizing utility, the organism allocates its behavior over various activities in exact proportion to the value derived from each activity. It differs subtly but significantly from rational choice theory in its predictions of how people exert self-control, for example, how they decide whether to forgo immediate pleasures for larger but delayed rewards. It provides, through the primrose path hypothesis, a powerful explanation of alcohol and narcotic addiction. It can also be used to explain biological phenomena, such as genetic selection and foraging behavior, as well as economic decision making.

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350

Publisher

Harvard University Press

Published Date

ISBN 10

067400177X

ISBN 13

9780674001770

Book's by Richard Zeckhauser

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