000 03475nam a22005775i 4500
001 183498
003 IT-RoAPU
005 20221214232039.0
006 m|||||o||d||||||||
007 cr || ||||||||
008 220302t20112011nyu fo d z eng d
010 _a2011002618
019 _a(OCoLC)979832060
020 _a9780231151733
_qprint
020 _a9780231525411
_qPDF
024 7 _a10.7312/osba15172
_2doi
035 _a(DE-B1597)9780231525411
035 _a(DE-B1597)459190
035 _a(OCoLC)755168779
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 0 0 _aHD61
_b.O83 2011
050 4 _aHD61
072 7 _aBUS027020
_2bisacsh
082 0 4 _a658.155
_223
084 _aonline - DeGruyter
100 1 _aOsband, Kent
_eautore
245 1 0 _aPandora's Risk :
_bUncertainty at the Core of Finance /
_cKent Osband.
264 1 _aNew York, NY :
_bColumbia University Press,
_c[2011]
264 4 _c©2011
300 _a1 online resource (304 p.) :
_b40 line drawings, 5 tables
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aColumbia Business School Publishing
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tAcknowledgments --
_tAbbreviations --
_t1. Introduction --
_t2. The Ultimate Confidence Game --
_t3. Great Expectations --
_t4. Sustainable Debt --
_t5. The Midas Touch --
_t6. Safety in Numbers --
_t7. When God Changes Dice --
_t8. Credit-ability --
_t9. Insecuritization --
_t10. Risks in Value-at-Risk --
_t11. Resizing Risks --
_t12. Conclusions --
_tAppendix --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aAuthor of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances.Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)
650 0 _aFinancial risk management.
650 0 _aFinancial risk.
650 7 _aBUSINESS & ECONOMICS / Finance / Financial Risk Management.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.7312/osba15172
856 4 0 _uhttps://www.degruyter.com/isbn/9780231525411
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9780231525411/original
942 _cEB
999 _c183498
_d183498