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

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 Rebonat...

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Detalles Bibliográficos
Autor principal: Rebonato, Riccardo
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton : Princeton University Press, 2010.
Colección:Book collections on Project MUSE.
Temas:
Finance - General.
Business & Economics.
Finance.
Financial risk management.
BUSINESS & ECONOMICS > Banks & Banking.
BUSINESS & ECONOMICS > Insurance > Risk Assessment & Management.
Finances > Gestion du risque.
Electronic books.
Acceso en línea:Texto completo
Descripción
Sumario: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 c.
Descripción Física:1 online resource (328 pages).
ISBN:9781400836390

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