Pandora's Risk: Uncertainty at the Core of Finance
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, an...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York, NY
Columbia University Press
[2011]
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| Schriftenreihe: | Columbia Business School Publishing
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| Schlagworte: | |
| Online-Zugang: | FKE01 FLA01 UBG01 FHA01 UPA01 FAW01 FAB01 FCO01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 21, 2016) |
| Beschreibung: | 1 online resource 40 line drawings, 5 tables |
| ISBN: | 9780231525411 |
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Datensatz im Suchindex
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| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.15/5 |
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| discipline | Wirtschaftswissenschaften |
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| spelling | Osband, Kent Verfasser aut Pandora's Risk Uncertainty at the Core of Finance Kent Osband New York, NY Columbia University Press [2011] © 2011 1 online resource 40 line drawings, 5 tables txt rdacontent c rdamedia cr rdacarrier Columbia Business School Publishing Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 21, 2016) 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 In English Financial risk management Financial risk http://www.degruyter.com/doi/book/10.7312/osba15172 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Osband, Kent Pandora's Risk Uncertainty at the Core of Finance Financial risk management Financial risk |
| title | Pandora's Risk Uncertainty at the Core of Finance |
| title_auth | Pandora's Risk Uncertainty at the Core of Finance |
| title_exact_search | Pandora's Risk Uncertainty at the Core of Finance |
| title_full | Pandora's Risk Uncertainty at the Core of Finance Kent Osband |
| title_fullStr | Pandora's Risk Uncertainty at the Core of Finance Kent Osband |
| title_full_unstemmed | Pandora's Risk Uncertainty at the Core of Finance Kent Osband |
| title_short | Pandora's Risk |
| title_sort | pandora s risk uncertainty at the core of finance |
| title_sub | Uncertainty at the Core of Finance |
| topic | Financial risk management Financial risk |
| topic_facet | Financial risk management Financial risk |
| url | http://www.degruyter.com/doi/book/10.7312/osba15172 |
| work_keys_str_mv | AT osbandkent pandorasriskuncertaintyatthecoreoffinance |