Dembo Co-Authors New Book On 'Forward-Looking' Risk Techniques
NEW YORK--A new book to be published later this month by John Wiley & Sons offers a new framework for risk management, based on "forward-looking" risk measures and concepts. The book, dubbed Seeing Tomorrow, is written by Ron Dembo, founder of Algorithmics, and Andrew Freeman of the Economist Intelligence Unit.
The central concept behind the book is Dembo's notion of "regret" -- the cost of insuring the downside risk of a particular course of action. The authors describe regret as "the neglected
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