Pandora's Risk

preview-18
  • Pandora's Risk Book Detail

  • Author : Kent Osband
  • Release Date : 2011
  • Publisher : Columbia University Press
  • Genre : Business & Economics
  • Pages : 306
  • ISBN 13 : 0231151721
  • File Size : 31,31 MB

Pandora's Risk by Kent Osband PDF Summary

Book Description: 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.

Disclaimer: www.yourbookbest.com does not own Pandora's Risk books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Pandora's Risk

Pandora's Risk

File Size : 3,3 MB
Total View : 6814 Views
DOWNLOAD

Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Mar

Rational Decisions

Rational Decisions

File Size : 31,31 MB
Total View : 1055 Views
DOWNLOAD

It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayes

Pandora's Toolbox

Pandora's Toolbox

File Size : 54,54 MB
Total View : 7061 Views
DOWNLOAD

Net zero emissions is only the beginning. Smith explains the need for carbon dioxide removal and even solar radiation management to preserve our societies and e

Pandora's Poison

Pandora's Poison

File Size : 54,54 MB
Total View : 7044 Views
DOWNLOAD

The dangers of organochlorides and a proposed solution.

Pandora's DNA

Pandora's DNA

File Size : 63,63 MB
Total View : 6718 Views
DOWNLOAD

2015 ALA Notable Book Would you cut out your healthy breasts and ovaries if you thought it might save your life? That's not a theoretical question for journalis