This book is the first in the market to treat single- and multi-period risk measures (risk functionals) in a thorough, comprehensive manner. It combines the treatment of properties of the risk measures with the related aspects of decision making under risk.The book introduces the theory of risk measures in a mathematically sound way. It contains properties, characterizations and representations of risk functionals for single-period and multi-period activities, and also shows the embedding of such functionals in decision models and the properties of these models.Contents:Modeling Uncertain OutcomesMeasuring Single-Period RiskMeasuring Multi-Period RiskSingle-Stage Decision ModelsMulti-Stage Decision Models for Financial ManagementMulti-Stage Decision Models for Electricity ManagementReadership: Academics and researchers in risk management, finance and management, stochastics and operations research.