Pandora's Risk

Pandora's Risk
Author :
Publisher : Columbia University Press
Total Pages : 306
Release :
ISBN-10 : 9780231151726
ISBN-13 : 0231151721
Rating : 4/5 (26 Downloads)

Book Synopsis Pandora's Risk by : Kent Osband

Download or read book Pandora's Risk written by Kent Osband and published by Columbia University Press. This book was released on 2011 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author 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.


Pandora's Risk Related Books

Pandora's Risk
Language: en
Pages: 306
Authors: Kent Osband
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher: Columbia University Press

DOWNLOAD EBOOK

Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Mar
Pandora's Poison
Language: en
Pages: 624
Authors: Joe Thornton
Categories: Medical
Type: BOOK - Published: 2000 - Publisher: MIT Press

DOWNLOAD EBOOK

The dangers of organochlorides and a proposed solution.
Pandora's DNA
Language: en
Pages: 340
Authors:
Categories: Biography & Autobiography
Type: BOOK - Published: 2014-10-01 - Publisher: Chicago Review Press

DOWNLOAD EBOOK

Would you cut out your healthy breasts and ovaries if you thought it might save your life? That's not a theoretical question for journalist Lizzie Stark's relat
Pandora's Picnic Basket: The Potential and Hazards of Genetically Modified Foods
Language: en
Pages: 486
Authors: Anne Brontë
Categories: Science
Type: BOOK - Published: 2000-06-22 - Publisher: OUP Oxford

DOWNLOAD EBOOK

The first book to look at all the issues involved in GM (genetically modified food) technology in a clear and dispassionate way. Alan McHughen surveys the techn
Pandora's Toolbox
Language: en
Pages: 423
Authors: Wake Smith
Categories: Business & Economics
Type: BOOK - Published: 2022-03-24 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

Reaching net zero emissions will not be the end of the climate struggle, but only the end of the beginning. For centuries thereafter, temperatures will remain e