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Risk
 
 

Risk (Paperback)

by John Adams (Author)
4.5 out of 5 stars See all reviews (8 customer reviews)
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Customers buy this book with Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein

Risk + Against the Gods: The Remarkable Story of Risk
Price For Both: £31.63

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Product details

  • Paperback: 192 pages
  • Publisher: UCL press; first edition edition (16 Feb 1995)
  • Language English
  • ISBN-10: 1857280687
  • ISBN-13: 978-1857280685
  • Product Dimensions: 23.1 x 15.5 x 2 cm
  • Average Customer Review: 4.5 out of 5 stars See all reviews (8 customer reviews)
  • Amazon.co.uk Sales Rank: 111,593 in Books (See Bestsellers in Books)

    Popular in this category:

    #11 in  Books > Business, Finance & Law > Personal Finance > Insurance
  • See Complete Table of Contents

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Product Description

Product Description
This work aims to bring the multifarious field of risk studies sharply into focus in a readable way for a wide readership throughout the social sciences and beyond.

From the Back Cover
Risk compensation postulates that everyone has a "risk thermostat" and that safety measures that do not affect the setting of the thermostat will be circumvented by behaviour that re-establishes the level of risk with which people were originally comfortable. It explains why, for example, motorists drive faster after a bend in the road is straightened. Cultural theory explains risk-taking behaviour by the operation of cultural filters. It postulates that behaviour is governed by the probable costs and benefits of alternative courses of action which are perceived through filters formed from all the previous incidents and associations in the risk-taker's life.; "Risk" should be of interest to many readers throughout the social sciences and in the world of industry, business, engineering, finance and public administration, since it deals with a fundamental part of human behaviour that has enormous financial and economic implications.

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Customer Reviews

8 Reviews
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Average Customer Review
4.5 out of 5 stars (8 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

 
12 of 12 people found the following review helpful:
5.0 out of 5 stars A book that must be read, 16 Oct 2000
Anyone who can grasp the concepts discussed in this book should read it; it has universal relevance. Adams strips bare the very shaky assumptions upon which much risk assessment is based in the world. It was a shock to me, and I expect it will be a shock to most people. To use a cliche: This book changed my life. More accurately, it changed my world-view. If you need more convincing, take a look at the commendations on the back cover. Any book that can debunk so much of conventional doctrine on road safety, environmentalism, medicine, and so on, yet draw such acclaim from such a diverse range of specialist publications is a book to be reckoned with! As a final note, the book is really very small. However, it is brief and to-the-point; his two hundred pages are worth a thousand from most writers.
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6 of 6 people found the following review helpful:
5.0 out of 5 stars A "must-read" book, 28 Jun 2004
It's incredible how many well-meaning attempts to make society "safer" fail, foundering on society's apparent unwillingness to be safe. Adams not only tells us what's going wrong, but actually describes the ways in which risk taking behaviour can be understood and managed.

Of particular interest is the chapter on seat belt laws. Once you've read that, I guarantee you will be hooked.
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4 of 4 people found the following review helpful:
5.0 out of 5 stars Simply a superb book., 2 Aug 2006
By Les Hatton (Kingston on Thames, UK) - See all my reviews
Society in general seeks to quantify risk. This book shows why most such exercises are completely futile because of the phenomenon of 'risk compensation'. In brief, make something safer and humans typically respond by taking more risks elsewhere to compensate.

I recommend this book unreservedly. Its one of the very few I have come across which has a supremely important point to make and makes it in a clear, well-argued and compact way, supported by lots of interesting data; a revelation. Buy it now, it is every bit as relevant now as it was when it was written.
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Most Recent Customer Reviews

5.0 out of 5 stars Fresh Ideas for a society obsessed.
I attended a lecture of John Adams recently which led to me reading the book. It is really brilliant. Read more
Published 4 months ago by Luke says

5.0 out of 5 stars The argument for rational fatalism
I've just finished reading "Risk" by John Adams and "Fooled by Randomness" by Nicholas Taleb. They make good companions. Both are illuminating and refreshingly entertaining. Read more
Published on 16 May 2007 by Risk-Junkie

2.0 out of 5 stars Simply wrong on two fundamental points
I read "Risk" a couple of weeks ago and quickly realised that it had a lot to say about the author's personal battles down the decades with people who disagreed with him. Read more
Published on 22 April 2007 by Matthew Leitch

5.0 out of 5 stars A Must-read
I am an economist, and found the nature and subject of this book fascinating. It really is an important and powerful work.
Published on by Mr Anthony J Evans

4.0 out of 5 stars An excellent and thought provoking book
Risk is poorly understood, and decisions arre often made on the basis of misunderstanding. Adams explores common misconceptions (seatbelts, helmets, power) and exposes many of... Read more
Published on 6 Oct 1999 by macrecumbent

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