Conte aos seus amigos sobre este item:
Pandora’s Risk: Uncertainty at the Core of Finance Kent Osband
Item sob encomenda (no estoque do fornecedor)
O que dizem nossos clientes:
Pandora’s Risk: Uncertainty at the Core of Finance
Kent Osband
For the most part, markets don't trade 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. But 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, Kent 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.
304 pages, 40 line drawings, 5 tables
| Mídia | Livros Hardcover Book (Livro com lombada e capa dura) |
| Lançado | 5 de julho de 2011 |
| ISBN13 | 9780231151726 |
| Editoras | Columbia University Press |
| Páginas | 304 |
| Dimensões | 152 × 229 × 28 mm · 539 g |
