Avoiding Losses/taking Risks

Avoiding Losses/taking Risks
Author: Barbara Farnham
Publisher: University of Michigan Press
Total Pages: 180
Release: 1994
Genre: Business & Economics
ISBN: 9780472082766

The impact of prospect theory on international relations theory

Roosevelt and the Munich Crisis

Roosevelt and the Munich Crisis
Author: Barbara Reardon Farnham
Publisher: Princeton University Press
Total Pages: 327
Release: 2021-03-09
Genre: History
ISBN: 0691227519

Franklin Roosevelt's intentions during the three years between Munich and Pearl Harbor have been a source of controversy among historians for decades. Barbara Farnham offers both a theory of how the domestic political context affects foreign policy decisions in general and a fresh interpretation of FDR's post-Munich policies based on the insights that the theory provides. Between 1936 and 1938, Roosevelt searched for ways to influence the deteriorating international situation. When Hitler's behavior during the Munich crisis showed him to be incorrigibly aggressive, FDR settled on aiding the democracies, a course to which he adhered until America's entry into the war. This policy attracted him because it allowed him to deal with a serious problem: the conflict between the need to stop Hitler and the domestic imperative to avoid any risk of American involvement in a war. Because existing theoretical approaches to value conflict ignore the influence of political factors on decision-making, they offer little help in explaining Roosevelt's behavior. As an alternative, this book develops a political approach to decision-making which focuses on the impact that awareness of the imperatives of the political context can have on decision-making processes and, through them, policy outcomes. It suggests that in the face of a clash of central values decision-makers who are aware of the demands of the political context are likely to be reluctant to make trade-offs, seeking instead a solution that gives some measure of satisfaction to all the values implicated in the decision.

Safety and Health for Engineers

Safety and Health for Engineers
Author: Roger L. Brauer
Publisher: John Wiley & Sons
Total Pages: 678
Release: 2022-08-18
Genre: Technology & Engineering
ISBN: 1119802318

SAFETY AND HEALTH FOR ENGINEERS A comprehensive resource for making products, facilities, processes, and operations safe for workers, users, and the public Ensuring the health and safety of individuals in the workplace is vital on an interpersonal level but is also crucial to limiting the liability of companies in the event of an onsite injury. The Bureau of Labor Statistics reported over 4,700 fatal work injuries in the United States in 2020, most frequently in transportation-related incidents. The same year, approximately 2.7 million workplace injuries and illnesses were reported by private industry employers. According to the National Safety Council, the cost in lost wages, productivity, medical and administrative costs is close to 1.2 trillion dollars in the US alone. It is imperative—by law and ethics—for engineers and safety and health professionals to drive down these statistics by creating a safe workplace and safe products, as well as maintaining a safe environment. Safety and Health for Engineers is considered the gold standard for engineers in all specialties, teaching an understanding of many components necessary to achieve safe workplaces, products, facilities, and methods to secure safety for workers, users, and the public. Each chapter offers information relevant to help safety professionals and engineers in the achievement of the first canon of professional ethics: to protect the health, safety, and welfare of the public. The textbook examines the fundamentals of safety, legal aspects, hazard recognition and control, the human element, and techniques to manage safety decisions. In doing so, it covers the primary safety essentials necessary for certification examinations for practitioners. Readers of the fourth edition of Safety and Health for Engineers readers will also find: Updates to all chapters, informed by research and references gathered since the last publication The most up-to-date information on current policy, certifications, regulations, agency standards, and the impact of new technologies, such as wearable technology, automation in transportation, and artificial intelligence New international information, including U.S. and foreign standards agencies, professional societies, and other organizations worldwide Expanded sections with real-world applications, exercises, and 164 case studies An extensive list of references to help readers find more detail on chapter contents A solution manual available to qualified instructors Safety and Health for Engineers is an ideal textbook for courses in safety engineering around the world in undergraduate or graduate studies, or in professional development learning. It also is a useful reference for professionals in engineering, safety, health, and associated fields who are preparing for credentialing examinations in safety and health.

Social Isolation and Loneliness in Older Adults

Social Isolation and Loneliness in Older Adults
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 317
Release: 2020-05-14
Genre: Social Science
ISBN: 0309671035

Social isolation and loneliness are serious yet underappreciated public health risks that affect a significant portion of the older adult population. Approximately one-quarter of community-dwelling Americans aged 65 and older are considered to be socially isolated, and a significant proportion of adults in the United States report feeling lonely. People who are 50 years of age or older are more likely to experience many of the risk factors that can cause or exacerbate social isolation or loneliness, such as living alone, the loss of family or friends, chronic illness, and sensory impairments. Over a life course, social isolation and loneliness may be episodic or chronic, depending upon an individual's circumstances and perceptions. A substantial body of evidence demonstrates that social isolation presents a major risk for premature mortality, comparable to other risk factors such as high blood pressure, smoking, or obesity. As older adults are particularly high-volume and high-frequency users of the health care system, there is an opportunity for health care professionals to identify, prevent, and mitigate the adverse health impacts of social isolation and loneliness in older adults. Social Isolation and Loneliness in Older Adults summarizes the evidence base and explores how social isolation and loneliness affect health and quality of life in adults aged 50 and older, particularly among low income, underserved, and vulnerable populations. This report makes recommendations specifically for clinical settings of health care to identify those who suffer the resultant negative health impacts of social isolation and loneliness and target interventions to improve their social conditions. Social Isolation and Loneliness in Older Adults considers clinical tools and methodologies, better education and training for the health care workforce, and dissemination and implementation that will be important for translating research into practice, especially as the evidence base for effective interventions continues to flourish.

Working Identity

Working Identity
Author: Herminia Ibarra
Publisher: Harvard Business Press
Total Pages: 141
Release: 2004-01-05
Genre: Business & Economics
ISBN: 1422160653

How Successful Career Changers Turn Fantasy into RealityWhether as a daydream or a spoken desire, nearly all of us have entertained the notion of reinventing ourselves. Feeling unfulfilled, burned out, or just plain unhappy with what we’re doing, we long to make that leap into the unknown. But we also hold on, white-knuckled, to the years of time and effort we’ve invested in our current profession.In this powerful book, Herminia Ibarra presents a new model for career reinvention that flies in the face of everything we’ve learned from "career experts." While common wisdom holds that we must first know what we want to do before we can act, Ibarra argues that this advice is backward. Knowing, she says, is the result of doing and experimenting. Career transition is not a straight path toward some predetermined identity, but a crooked journey along which we try on a host of "possible selves" we might become.Based on her in-depth research on professionals and managers in transition, Ibarra outlines an active process of career reinvention that leverages three ways of "working identity": experimenting with new professional activities, interacting in new networks of people, and making sense of what is happening to us in light of emerging possibilities.Through engrossing stories—from a literature professor turned stockbroker to an investment banker turned novelist—Ibarra reveals a set of guidelines that all successful reinventions share. She explores specific ways that hopeful career changers of any background can: Explore possible selves Craft and execute "identity experiments" Create "small wins" that keep momentum going Survive the rocky period between career identities Connect with role models and mentors who can ease the transition Make time for reflection—without missing out on windows of opportunity Decide when to abandon the old path in order to follow the new Arrange new events into a coherent story of who we are becoming A call to the dreamer in each of us, Working Identity explores the process for crafting a more fulfilling future. Where we end up may surprise us.

Choices, Values, and Frames

Choices, Values, and Frames
Author: Daniel Kahneman
Publisher: Cambridge University Press
Total Pages: 864
Release: 2000-09-25
Genre: Psychology
ISBN: 1107651069

This book presents the definitive exposition of 'prospect theory', a compelling alternative to the classical utility theory of choice. Building on the 1982 volume, Judgement Under Uncertainty, this book brings together seminal papers on prospect theory from economists, decision theorists, and psychologists, including the work of the late Amos Tversky, whose contributions are collected here for the first time. While remaining within a rational choice framework, prospect theory delivers more accurate, empirically verified predictions in key test cases, as well as helping to explain many complex, real-world puzzles. In this volume, it is brought to bear on phenomena as diverse as the principles of legal compensation, the equity premium puzzle in financial markets, and the number of hours that New York cab drivers choose to drive on rainy days. Theoretically elegant and empirically robust, this volume shows how prospect theory has matured into a new science of decision making.

Credit Risk Management

Credit Risk Management
Author: Joetta Colquitt
Publisher: McGraw Hill Professional
Total Pages: 385
Release: 2007-05-11
Genre: Business & Economics
ISBN: 0071510532

Credit Risk Management is a comprehensive textbook that looks at the total integrated process for managing credit risk, ranging from the risk assessment of a single obligor to the risk measurement of an entire portfolio. This expert learning tool introduces the principle concepts of credit risk analysis...explains the techniques used for improving the effectiveness of balance sheet management in financial institutions...and shows how to manage credit risks under competitive and realistic conditions. Credit Risk Management presents step-by-step coverage of: The Credit Process_discussing the operational practices and structural processes to implement and create a sound credit environment The Lending Objectives_explaining the credit selection process that is used to evaluate new business, and describing how transaction risk exposure becomes incorporated into portfolio selection risk Company Funding Strategies_presenting an overview of the funding strategies on some of the more commonly used financial products in the extension of business credit Company Specific Risk Evaluation_outlining some fundamental credit analysis applications that can be used to assess transactions through the framework of a risk evaluation guide Qualitative Specific Risk Evaluation_offering additional approaches to risk evaluate a borrower's industry and management Credit Risk Measurement_defining the role of credit risk measurement, presenting a basic framework to measure credit risk, and discussing some of the standard measurement applications to quantify the economic loss on a transaction's credit exposure Credit Portfolio Management_exploring the basic concepts behind credit portfolio management, and highlighting the distinctive factors that drive the management of a portfolio of credit assets compared to a single asset Credit Rating Systems_analyzing the pivotal role that credit rating systems have come to play in managing credit risk for lenders The Economics of Credit_showing how the modern credit risk approach has changed the economics of credit in order to achieve more profitable earnings and maintain global stability in the financial markets Filled with a wide range of study aids, Credit Risk Management is today's best guide to the concepts and practices of modern credit risk management, offering practitioners a detailed roadmap for avoiding lending mishaps and maximizing profits.

Occupational Risk Control

Occupational Risk Control
Author: Derek Viner
Publisher: Routledge
Total Pages: 302
Release: 2016-03-03
Genre: Business & Economics
ISBN: 1317086236

Occupational Risk Control contains a practical theory of risk based on the principles of the physical sciences. The book provides details of the implications of such theory for real-world practice that will be of value to the legislator, general or specialist risk engineer, scientist, academic, student, risk/safety practitioners as well as managers of industrial or commercial undertakings. The contents are a result of over 40 years of experience in researching, teaching and consulting. The theoretical base is relevant peer-reviewed physical sciences literature. Such literature points out the necessity of understanding the principles that enable processes resulting in damage and loss to be explained and it enables the risk arising from the uncertainty of these processes to be objectively defined, described as well as estimated using real number values. Of these principles and their applications a student once remarked “this should be compulsory study for all engineering students”. A critical assessment of the pervasive but unscientific accident terminology is included to assist the reader to reflect on the value of this. In a field in which there is a plethora of commercial and pseudo-academic practical tools based on accident theory, this text provides a foundation for the thinking academic and practitioner to critically evaluate the meaning, scope and value of such tools. The text has chapters on accident theory, damage process models, risk, risk estimation, risk control, risk evaluation, the classification and analysis of risks, risk numeracy, the management of risks in general and the management of technical risks in particular. There are notes on accident investigation and the role of the risk adviser. A substantial glossary of terms is included. The text is supported by a dedicated web site (www.derekviner.com) which contains discussion and examples of topics as well as a blog.

Loss and Damage from Climate Change

Loss and Damage from Climate Change
Author: Reinhard Mechler
Publisher: Springer
Total Pages: 563
Release: 2018-11-28
Genre: Science
ISBN: 3319720260

This book provides an authoritative insight on the Loss and Damage discourse by highlighting state-of-the-art research and policy linked to this discourse and articulating its multiple concepts, principles and methods. Written by leading researchers and practitioners, it identifies practical and evidence-based policy options to inform the discourse and climate negotiations. With climate-related risks on the rise and impacts being felt around the globe has come the recognition that climate mitigation and adaptation may not be enough to manage the effects from anthropogenic climate change. This recognition led to the creation of the Warsaw International Mechanism on Loss and Damage in 2013, a climate policy mechanism dedicated to dealing with climate-related effects in highly vulnerable countries that face severe constraints and limits to adaptation. Endorsed in 2015 by the Paris Agreement and effectively considered a third pillar of international climate policy, debate and research on Loss and Damage continues to gain enormous traction. Yet, concepts, methods and tools as well as directions for policy and implementation have remained contested and vague. Suitable for researchers, policy-advisors, practitioners and the interested public, the book furthermore: • discusses the political, legal, economic and institutional dimensions of the issue• highlights normative questions central to the discourse • provides a focus on climate risks and climate risk management. • presents salient case studies from around the world.