SFB 649: Economic Risk

点击翻译按钮获取中文摘要

We live in a world full of uncertainty. Uncertainty about the future influences present decisions for individuals, businesses, institutions and nations. Financial market fluctuations threaten household wealth, real estate, and the value of bonds and shares. Unforeseen technical innovations destroy the market position of well-established firms. Business cycle fluctuations endanger employment. Economic policy is constantly challenged by growth risks. These uncertainties exemplify a phenomenon known as economic risk . It is ubiquitous in economic decisions and contexts. Consequently, a precise understanding of economic risk is a prerequisite for improving the economic prospects of individuals, firms or entire nations.