Download the fantastic book titled Plight of the Fortune Tellers written by Riccardo Rebonato, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Plight of the Fortune Tellers", which was released on 08 November 2010. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Plight of the Fortune Tellers by Riccardo Rebonato PDF
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 About Plight of the Fortune Tellers PDF
- Author : Riccardo Rebonato
- Publisher : Princeton University Press
- Genre : Business & Economics
- Total Pages : 325 pages
- ISBN : 1400836395
- Release Date : 08 November 2010
- PDF File Size : 15,8 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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