Schooling as a RiskyIinvestment: A Survey of Theory and Evidence focuses exclusively on the risk that is associated with investing in education. In this monograph, the authors' acknowledge that in educational choice, risk is everywhere, and that the variables affecting this choice are imperfectly known. Only recently has modern economic theory faced these issues. In a well organized framework, this monograph surveys the modest literature, identifies and explains the weakest aspects of knowledge in the field, reflects on policy issues, and presents an agenda for future research. Schooling as a RiskyIinvestment: A Survey of Theory and Evidence is organized as follows. After an introduction, Section 2 presents data on ex post variation in outcomes, and evidence on student perceptions of variability and risk to show that risk is a relevant dimension for individual decision making. As a background to the models acknowledging uncertainty, Section 3 briefly considers models for investment in human capital under conditions of perfect information and a perfect capital market. Section 4 presents empirical evidence on the effect of risk on schooling choices. Section 5 surveys the literature for empirical evidence on the relationship between level of education and dispersion in earnings. Section 6 considers methods to cope with risk such as hedging human capital risk and self-insurance through consumption smoothing. Compensation in wages for the risk associated with schooling investment is then considered in Section 7, followed by a look at policy issues in Section 8. Finally, in Section 9, the monograph concludes by summarizing what is known and identifies interesting issues and directions for future research.
Written by an experienced risk manager, this innovative new book explores the core concepts of risk management, including in-depth coverage of its scope, rationale, and practical applications. In addition to being fundamentally important to risk managers, this text will also be invaluable to senior executives, directors, regulators, and capital markets professionals. Students, lay readers, and others interested in finance will find a vast subject made engaging and accessible. Written with unusual clarity, The Shape of Risk makes use of graphics, case studies, and questions. The author encourages readers to develop their own intuition and judgment for identifying and managing risk. This is an excellent starting point for a new generation of readers who increasingly need a both practical and conceptual understanding of risk management.
Risk and Return in Asian Emerging Markets offers readers a firm insight into the risk and return characteristics of leading Asian emerging market participants by comparing and contrasting behavioral model variables with predictive forecasting methods.
This book offers the best approach toward communicating the intricacies of marketing research and its usefulness to the marketing organization. This highly regarded text focuses on market intelligence, strategy, theory, and application and retains its coverage of the most advanced and current marketing research methodologies. Pointing out these methodologies' limitations and strengths, the book also brings to the forefront the relevance of marketing intelligence, the power of the Internet in marketing research applications, and much more. Suitable for students in the intermediate or advanced courses.
Crime, Risk and Excitement examines the changing ways in which risk-taking and excitement have appeared as motives for crime, and as problems for both criminology and government. The rise of consumer society has produced major shifts in risk-taking. The 19th century ushered in a culture of risk avoidance for the masses: prudence and self denial were central, while excitement was a problem. Many traditional working class pleasures and a ~excitementsa (TM) - notably gambling, drinking and associated activities - came to be criminalised or condemned in the name of moral order. By the 20th century, however, the rise of an urban mass consumer culture began to challenge this, gradually making excitement a valued part of the good life for more than a tiny elite. As such, tensions have emerged, particularly as the easing of moral restraints has created new opportunities for risk-taking. Some of this has been normalised. Other innovations -such as street racing, bike gangs, rave parties and binge drinking - have been reframed as subterranean expressions of mainstream pleasures. At the same time, moreover, cultural diversification and gender equalisation have created new ways in which risk taking can be imagined and performed. In Crime, Risk and Excitement, Pat O'Malley explores these shifts, along with the developments in criminology that have attempted to come to grips with them. Risk, he concludes, has to become the centre of a new politics: as a source of excitement and pleasure, and so as an expression of new a ~freedomsa (TM), rather than new pathologies.
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