Dr. Bahman Fakhraie

Teconomics of Dynamic Risks: All Natural Disasters, and Energy Resource... Dr. Bahman Fakhraie

All production processes have some inherent risk. An important part of innovation development of new process of technological innovations was learning to master the exceptions to the rules, which reduces risks. Therefore and important part of gestalt of new technologies injections, and new variables of modular production processes proceeding almost all thought-action processes introduce by Dr. Bahman Fakhraie in his studies were the endogenous elements of production process and the new variables, including the educational aspect of skills among others, which would reduce some risks. Otherwise humanity, would have not stepped out of the caves because of risks in becoming fast food for dinosaurs, large cats, and predators. The magic difference among the mammals and other species are the capabilities to learn in group defense, or individual survival tricks and skills and retain that knowledge, and pass on those skills to improve the chance for their offspring survivals, for the genome continuations. The occurrences of natural disasters (floods, earthquakes, hurricanes, cyclones, etc.) are rarer events; however, they do reappear on longer-term cyclical patterns, sometime in the same regions. After study of natural history and disasters in early chapter, different energy source productions are studied. The dangers and limitation are enumerated. Reader is encouraged not dictated to study different alternatives. The mathematical analyses are new presentation of scientific discoveries toward Max-min optimization and Sheppard lemmas and sustainability conditions in this important new field of economics.