Plight of the Fortune Tellers is popular PDF and ePub book, written by Riccardo Rebonato in 2010-11-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Plight of the Fortune Tellers can be Read Online from any device for your convenience.
Plight of the Fortune Tellers Book PDF Summary
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.
Detail Book of Plight of the Fortune Tellers PDF
- Author : Riccardo Rebonato
- Release : 08 November 2010
- Publisher : Princeton University Press
- ISBN : 9781400836390
- Genre : Business & Economics
- Total Page : 325 pages
- Language : English
- PDF File Size : 14,8 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Plight of the Fortune Tellers by Riccardo Rebonato, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.