Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently ePub (Adobe DRM) download by Riccardo Rebonato

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

Princeton University Press
Publication date: November 2010
ISBN: 9781400836390
Digital Book format: ePub (Adobe DRM)

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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.

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Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently ePub (Adobe DRM) download by Riccardo Rebonato
Princeton University Press, November 2010
ISBN: 9781400836390
EAN:  2370003279054
ePub (Adobe DRM)
List Price: $22.95 eBook price: $21.99
Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently PDF (Adobe DRM) download by Riccardo Rebonato
Princeton University Press, November 2010
ISBN: 9781400836390
EAN:  9781400836390
PDF (Adobe DRM)
List Price: $22.95 eBook price: $21.99
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