""Risk and Risk Bearing"" by Charles Oscar Hardy is a comprehensive book that explores the concept of risk and its implications in various fields, including economics, finance, insurance, and gambling. The author provides a detailed analysis of the nature of risk, its measurement, and the strategies for managing it. The book starts with an introduction to the concept of risk and its different types, such as pure risk and speculative risk. It then delves into the various methods of measuring risk, including probability ...
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""Risk and Risk Bearing"" by Charles Oscar Hardy is a comprehensive book that explores the concept of risk and its implications in various fields, including economics, finance, insurance, and gambling. The author provides a detailed analysis of the nature of risk, its measurement, and the strategies for managing it. The book starts with an introduction to the concept of risk and its different types, such as pure risk and speculative risk. It then delves into the various methods of measuring risk, including probability theory and statistical analysis. The author also discusses the different types of risk management strategies, such as risk avoidance, risk reduction, and risk transfer.The book also explores the role of risk in various economic activities, including investment, entrepreneurship, and innovation. It examines the relationship between risk and return, and how investors and entrepreneurs can balance the two to achieve their goals.In addition, the book discusses the role of risk in the insurance industry, and how insurers manage risk through underwriting, risk selection, and risk pooling. It also explores the role of risk in gambling and how gamblers manage risk through their betting strategies.Overall, ""Risk and Risk Bearing"" is a valuable resource for anyone interested in understanding the concept of risk and its implications in various fields. It provides a comprehensive and in-depth analysis of the nature of risk, its measurement, and the strategies for managing it, making it a must-read for students, academics, and professionals alike.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
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