Lyt når som helst, hvor som helst

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

  • Lyt og læs så meget du har lyst til
  • Opdag et kæmpe bibliotek fyldt med fortællinger
  • Eksklusive titler + Mofibo Originals
  • Opsig når som helst
Start tilbuddet
DK - Details page - Device banner - 894x1036

The Known, the Unknown, and the Unknowable in Financial Risk Management: Measurement and Theory Advancing Practice

2 Anmeldelser

5

Sprog
Engelsk
Format
Kategori

Økonomi & Business

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called KuU --the Known, the unknown, and the Unknowable--that enables one to conceptualize the different kinds of financial risks and design effective strategies for managing them. Bringing together contributions by leaders in finance and economics, this book pushes toward robustifying policies, portfolios, contracts, and organizations to a wide variety of KuU risks. Along the way, the strengths and limitations of "quantitative" risk management are revealed.

In addition to the editors, the contributors are Ashok Bardhan, Dan Borge, Charles N. Bralver, Riccardo Colacito, Robert H. Edelstein, Robert F. Engle, Charles A. E. Goodhart, Clive W. J. Granger, Paul R. Kleindorfer, Donald L. Kohn, Howard Kunreuther, Andrew Kuritzkes, Robert H. Litzenberger, Benoit B. Mandelbrot, David M. Modest, Alex Muermann, Mark V. Pauly, Til Schuermann, Kenneth E. Scott, Nassim Nicholas Taleb, and Richard J. Zeckhauser.

Introduces a new risk-management paradigm Features contributions by leaders in finance and economics Demonstrates how "killer risks" are often more economic than statistical, and crucially linked to incentives Shows how to invest and design policies amid financial uncertainty

© 2010 Princeton University Press (E-bog): 9781400835287

Release date

E-bog: 19. april 2010

Tags

    Andre kan også lide...

    1. A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing Burton G. Malkiel
    2. Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth With Commentary by David Clark David Clark
    3. The Warren Buffett Stock Portfolio: Warren Buffett's Stock Picks: When and Why He Is Investing in Them Mary Buffett
    4. How Innovation Works: And Why It Flourishes in Freedom Matt Ridley
    5. The Intelligent Investor Benjamin Graham
    6. Change by Design, Revised and Updated: How Design Thinking Transforms Organizations and Inspires Innovation Tim Brown
    7. Good to Great Jim Collins
    8. Adaptive Markets: Financial Evolution at the Speed of Thought Andrew W. Lo
    9. The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Book, Big Profits) James Montier
    10. Small Change: Money Mishaps and How to Avoid Them Dan Ariely
    11. The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing Michael J. Mauboussin
    12. Narrative Economics: How Stories Go Viral and Drive Major Economic Events Robert J. Shiller
    13. Noise Daniel Kahneman
    14. The Bed of Procrustes: Philosophical and Practical Aphorisms Nassim Nicholas Taleb
    15. Mastering The Market Cycle: Getting the odds on your side Howard Marks
    16. Range: How Generalists Triumph in a Specialized World David Epstein
    17. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Nassim Nicholas Taleb
    18. Damn Right!: Billionare Charlie Munger: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger (Revised) Janet Lowe
    19. Debt – Updated and Expanded: The First 5,000 Years David Graeber
    20. How To Win Friends And Influence People Dale Carnegie
    21. Principles: Life and Work Ray Dalio
    22. The Rational Optimist: How Prosperity Evolves Matt Ridley
    23. Freakonomics Stephen J. Dubner
    24. Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are Seth Stephens-Davidowitz
    25. The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance Ron Chernow
    26. The Storyteller's Secret: How TED Speakers and Inspirational Leaders Turn Their Passion into Performance Carmine Gallo
    27. A Little History of Economics Niall Kishtainy
    28. Think Twice: Harnessing the Power of Counterintuition Michael J. Mauboussin
    29. Panic!: The Story of Modern Financial Insanity Michael Lewis
    30. The Fourth Age: Smart Robots, Conscious Computers, and the Future of Humanity Byron Reese
    31. Never Split the Difference: Negotiating As If Your Life Depended On It Chris Voss
    32. Leadership Strategy and Tactics: Learn to Lead Like a Navy SEAL, from the Bestselling Author of 'Extreme Ownership' and 'The Dichotomy of Leadership' Jocko Willink
    33. The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home Dan Ariely
    34. Making Sense: Conversations on Consciousness, Morality, and the Future of Humanity Sam Harris
    35. Misbelief: What Makes Rational People Believe Irrational Things Dan Ariely
    36. Nudge: The Final Edition Richard H. Thaler
    37. The End of the World is Just the Beginning: Mapping the Collapse of Globalization Peter Zeihan
    38. Five Stars: The Communication Secrets to Get From Good to Great Carmine Gallo
    39. A Few Lessons from Sherlock Holmes Peter Bevelin
    40. The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life Mark Manson
    41. Pulling Your Own Strings Wayne W. Dyer
    42. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Esther Duflo

    Vælg dit abonnement

    • Over 600.000 titler

    • Download og nyd titler offline

    • Eksklusive titler + Mofibo Originals

    • Børnevenligt miljø (Kids Mode)

    • Det er nemt at opsige når som helst

    Flex

    For dig som vil prøve Mofibo.

    89 kr. /måned
    • 1 konto

    • 20 timer/måned

    • Gem op til 100 ubrugte timer

    • Eksklusivt indhold hver uge

    • Fri lytning til podcasts

    • Ingen binding

    Prøv gratis
    Den mest populære

    Premium

    For dig som lytter og læser ofte.

    129 kr. /måned
    • 1 konto

    • 100 timer/måned

    • Eksklusivt indhold hver uge

    • Fri lytning til podcasts

    • Ingen binding

    Start tilbuddet

    Unlimited

    For dig som lytter og læser ubegrænset.

    149 kr. /måned
    • 1 konto

    • Ubegrænset adgang

    • Eksklusivt indhold hver uge

    • Fri lytning til podcasts

    • Ingen binding

    Start tilbuddet

    Family

    For dig som ønsker at dele historier med familien.

    Fra 179 kr. /måned
    • 2-6 konti

    • 100 timer/måned pr. konto

    • Fri lytning til podcasts

    • Kun 39 kr. pr. ekstra konto

    • Ingen binding

    2 konti

    179 kr. /måned
    Prøv gratis