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Multi-Party Risk Management Decision Processes

  • Louis Anthony CoxJr.
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 45)

Abstract

Societal risk management decisions are usually made by multiple participants and reflect the interests of multiple stakeholders with partially conflicting interests and beliefs. The participants interact through decision processes in which individual proposals, choices, offers, commitments, and actions or behaviors are iteratively modified until an outcome is reached. Examples of such decision processes include contracts, negotiation (with or without arbitration), auctions, voting, tort liability systems, regulation, market processes and legislative politics.

Keywords

Nash Equilibrium Risk Management Private Information Social Contract Risk Communication 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Louis Anthony CoxJr.
    • 1
  1. 1.Cox Associates and University of ColoradoUSA

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