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Economics and Business

Managing Risk – Statistical, Economic, and Cultural Perspectives

The course provides a detailed examination of risk, as both theoretical concept and practical challenge to individuals, organizations, and society as a whole. Students will study the management of risk through various approaches to its identification, assessment, control, and financing. Readings and lectures will cover an array of concepts and methods from the philosophy of science, statistics, economics, and business. In discussions and assignments, students will be asked to consider the role of cultural attitudes in forming human perceptions of – and responses to – risk.