Pandora's risk : uncertainty at the core of finance / Kent Osband.
نوع المادة : نصالناشر:New York : Columbia University Press, [2011]تاريخ حقوق النشر: ©2011وصف:xviii, 283 pages : illustrations ; 24 cmنوع المحتوى:- text
- unmediated
- volume
- 9780231151726
- 0231151721
- 023115173X
- 9780231151733
- HD61 .O83 2011
نوع المادة | المكتبة الحالية | رقم الطلب | رقم النسخة | حالة | تاريخ الإستحقاق | الباركود | |
---|---|---|---|---|---|---|---|
كتاب | UAE Federation Library | مكتبة اتحاد الإمارات General Collection | المجموعات العامة | HD61 .O83 2011 (إستعراض الرف(يفتح أدناه)) | C.1 | المتاح | 30020000036529 | ||
كتاب | UAE Federation Library | مكتبة اتحاد الإمارات General Collection | المجموعات العامة | HD61 .O83 2011 (إستعراض الرف(يفتح أدناه)) | C.2 | المتاح | 30020000042408 |
Browsing UAE Federation Library | مكتبة اتحاد الإمارات shelves, Shelving location: General Collection | المجموعات العامة إغلاق مستعرض الرف(يخفي مستعرض الرف)
HD61 .N37 2015 التأمين في مواجهة الخطر / | HD61 .N37 2015 التأمين في مواجهة الخطر / | HD61 .N37 2015 التأمين في مواجهة الخطر / | HD61 .O83 2011 Pandora's risk : uncertainty at the core of finance / | HD61 .O83 2011 Pandora's risk : uncertainty at the core of finance / | HD61 .O98 1997 Managing in the turbulent world economy : corporate performance and riskexposure | HD61 .P434 2020 Planning for resilience : new paths for managing uncertainty / |
Includes bibliographical references and index.
Introduction -- The ultimate confidence game -- Great expectations -- Sustainable debt -- The midas touch -- Safety in numbers -- When god changes dice -- Credit-ability -- Insecuritization -- Risks in value-at-risk -- Resizing risks -- Conclusions.
Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances. Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing. -- Book Description.