Download the fantastic book titled The Illusion of Control written by Jon Danielsson, 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 "The Illusion of Control", which was released on 17 June 2024. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of The Illusion of Control by Jon Danielsson PDF
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail. Finance brings prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximizing our growth. Current strategies rely on mathematical techniques and historical data to predict future risk, but ignore the human component, failing to take into account the nature of risk inherent in the system. Jón Daníelsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Daníelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
Detail About The Illusion of Control PDF
- Author : Jon Danielsson
- Publisher : Yale University Press
- Genre : Business & Economics
- Total Pages : 287 pages
- ISBN : 0300234813
- Release Date : 17 June 2024
- PDF File Size : 10,6 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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