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Plight of the Fortune Tellers : Why We Need to Manage Financial Risk Differently / Riccardo Rebonato.

By: Material type: TextTextPublisher: Princeton, NJ : Princeton University Press, [2010]Copyright date: ©2011Edition: With a New preface by the authorDescription: 1 online resource (328 p.) : 5 tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780691148175
  • 9781400836390
Subject(s): DDC classification:
  • 332.10681 22
LOC classification:
  • HG173 .R37 2011
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- CONTENTS -- Preface to the Paperback Edition -- Preface -- Acknowledgments -- 1 Why This Book Matters -- 2 Thinking about Risk -- 3 Thinking about Probabilities -- 4 Making Choices -- 5. What Is Risk Management For? -- 6 VaR & Co: How It All Started -- 7 Looking Beneath the Surface: Hidden Problems -- 8 Which Type of Probability Matters in Risk Management? -- 9 The Promise of Economic Capital -- 10 What CanWe Do Instead? -- Endnotes -- INDEX
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.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400836390

Frontmatter -- CONTENTS -- Preface to the Paperback Edition -- Preface -- Acknowledgments -- 1 Why This Book Matters -- 2 Thinking about Risk -- 3 Thinking about Probabilities -- 4 Making Choices -- 5. What Is Risk Management For? -- 6 VaR & Co: How It All Started -- 7 Looking Beneath the Surface: Hidden Problems -- 8 Which Type of Probability Matters in Risk Management? -- 9 The Promise of Economic Capital -- 10 What CanWe Do Instead? -- Endnotes -- INDEX

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

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.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)