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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 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.
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Einband Taschenbuch
Seitenzahl 272
Erscheinungsdatum 01.12.2010
Sprache Englisch
ISBN 978-0-691-14817-5
Reihe Princeton University Press
Verlag Princeton Univers. Press
Maße (L/B/H) 236/156/22 mm
Gewicht 469
Buch (Taschenbuch, Englisch)
21,99
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