Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently

Riccardo Rebonato

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Idioma: inglés

Editorial: Princeton University Press, 2010

0691148171 / 9780691148175

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Descripción del artículo del vendedor

Today's top financial professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on quantitative precision is misleading--and puts everyone at risk. In Plight of the Fortune Tellers, Riccardo Rebonato forcefully argues that we must restore genuine decision making to our financial planning. Presenting a financial model that uses probability, experimental psychology, and decision theory, Rebonato challenges us to rethink the standard wisdom about risk management. He offers a radical yet surprisingly commonsense solution: managing risk comes down to real people making decisions under uncertainty. Plight of the Fortune Tellers is a must-read for anyone concerned about how today's financial markets are run. In a new preface, Rebonato explains how the ideas presented in this book fit into the context of the global financial crisis that followed its original publication. He argues that risk managers are still stuck in a probabilistic rut, and need to engage with the structural causes of real events.…

N° de ref. del artículo CIN0691148171VG

Título
Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently
Autor
Riccardo Rebonato
Editorial
Princeton University Press
Año de publicación
2010
Estado
Very Good
Encuadernación
Paperback
Idioma
inglés
ISBN 10
0691148171
ISBN 13
9780691148175

World of Books Inc

Montgomery, IL, Estados Unidos de America

Vendedor de 4 estrellas

Vendedor de IberLibro desde 23 de marzo de 2026

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