Economics and Finance of Risk and of the Future »

Professor ROBERT KAST has a research position at LAMETA-CNRS, University of Montpellier (France) and has published papers and books in decision theory and financial market theory.

ANDRÉ LAPIED is Professor of Economics at GREQAM, University Paul Cézanne in Aix-en-Provence (France) and has published papers and books in financial market theory and economic theory.

They work together in risk theory and have achieved several governmental investigations on applied problems. Some of them raise questions on risk management that are addressed in this book.

Economics and finance of risk and of the future

"Economics and Finance of Risks and of the Future reviews thoroughly modern theories and applications of the management of insurable and non-insurable risks, uncertainty and time flexibility that arise in public or private investment decisions. Robert Kast and André Lapied have done a superb job. Their book should be extremely useful to students, researchers and professional decision-makers in the fields of public choice, finance or insurance.”  Jean-Michel Grandmont, ICEF, Venice International University and CREST-GREQSTA

“Robert Kast and André Lapied have developed powerful theoretical and methodological tools, that they have then applied to an array of seemingly rather different decision problems. This is the best test I know to judge of the originality and usefulness of a book. Here the test is brilliantly passed.”  Claude Henry, professor at Ecole Polytechnique, Visiting professor at Columbia University