TY - JOUR
AU - Regős, Gábor
AB -  Uncertainty and Risk: Multidisciplinary Perspectives , edited by Gabriele Bammer and Michael Smithson , 2008 , London : Earthscan , 382 pp . ISBN: 978‐1844074747 . In recent economic discourse, risk and uncertainty have received increased attention, primarily as a result of the recent global financial turmoil. Not only is the risk of certain financial derivatives assessed, but also that of the whole economy, of firms and so on. Because it is considered as something negative, we try to assess and manage the different kinds of risks: for example, by insuring against them or by distributing it. In truth, we are far from being successful. Although our aim was to reduce risks, we increased it instead by presenting new, complex and impenetrable financial products in order to earn even more profit (e.g., the subprime mortgage crisis). So, our risk assessment and risk management failed. We used advanced techniques and also financial regulation but today it is clear that deep changes are needed in the financial system to defend ourselves against excessive risk taking. This work has begun: ideas for new regulation, development of technical tools, changes to the incentives that lead to the crisis, and setting limits on 
TI - Uncertainty and Risk: Multidisciplinary Perspectives , edited by Gabriele Bammer and Michael Smithson
JF - Journal of Risk and Insurance
DO - 10.1111/j.1539-6975.2012.01468.x
DA - 2012-06-01
UR - https://www.deepdyve.com/lp/wiley/uncertainty-and-risk-multidisciplinary-perspectives-edited-by-gabriele-8dql0R1sHr
SP - 591
VL - 79
IS - 2
DP - DeepDyve
ER -