Risk: Measurement, Perception, and Management

  • Peter ZweifelEmail author
  • Roland Eisen
Part of the Springer Texts in Business and Economics book series (STBE)


In ordinary language, “risk” is mainly used in conjunction with “chance”. In Chinese language, “risk” indeed has two characters, one for risk proper, the other for chance. In insurance economics, however, the word has a specific meaning to be defined in Sect. 2.1. Also, the statistical measurement of risk turns out to be an endeavor fraught with difficulties.


Risk Aversion Risk Premium Stochastic Dominance Relative Risk Aversion Initial Wealth 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of ZurichZurichSwitzerland
  2. 2.MunichGermany

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