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...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York, NY
Columbia University Press
[2011]
|
| Series: | Columbia Business School Publishing
|
| Subjects: | |
| Online Access: | DE-859 DE-860 DE-473 DE-739 DE-1046 DE-1043 DE-858 Volltext |
| Summary: | 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 |
| Item Description: | Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 21, 2016) |
| Physical Description: | 1 online resource 40 line drawings, 5 tables |
| ISBN: | 9780231525411 |
Staff View
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV043599147 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 160614s2011 xx |||| o|||| 00||| eng d | ||
| 020 | |a 9780231525411 |9 978-0-231-52541-1 | ||
| 024 | 7 | |a 10.7312/osba15172 |2 doi | |
| 035 | |a (ZDB-23-DGG)9780231525411 | ||
| 035 | |a (OCoLC)1165508271 | ||
| 035 | |a (DE-599)BVBBV043599147 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-859 |a DE-860 |a DE-473 |a DE-739 |a DE-1046 |a DE-1043 |a DE-858 | ||
| 082 | 0 | |a 658.15/5 |2 22 | |
| 100 | 1 | |a Osband, Kent |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Pandora's Risk |b Uncertainty at the Core of Finance |c Kent Osband |
| 264 | 1 | |a New York, NY |b Columbia University Press |c [2011] | |
| 264 | 4 | |c © 2011 | |
| 300 | |a 1 online resource |b 40 line drawings, 5 tables | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Columbia Business School Publishing | |
| 500 | |a Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 21, 2016) | ||
| 520 | |a 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 | ||
| 546 | |a In English | ||
| 650 | 4 | |a Financial risk management | |
| 650 | 4 | |a Financial risk | |
| 856 | 4 | 0 | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-23-DGG | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-029013360 | |
| 966 | e | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |l DE-859 |p ZDB-23-DGG |q FKE_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |l DE-860 |p ZDB-23-DGG |q FLA_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |l DE-473 |p ZDB-23-DGG |q UBG_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |l DE-739 |p ZDB-23-DGG |q UPA_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |l DE-1046 |p ZDB-23-DGG |q FAW_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |l DE-1043 |p ZDB-23-DGG |q FAB_PDA_DGG |x Verlag |3 Volltext | |
| 966 | e | |u http://www.degruyter.com/doi/book/10.7312/osba15172 |l DE-858 |p ZDB-23-DGG |q FCO_PDA_DGG |x Verlag |3 Volltext | |
Record in the Search Index
| _version_ | 1824408281296142336 |
|---|---|
| adam_text | |
| any_adam_object | |
| author | Osband, Kent |
| author_facet | Osband, Kent |
| author_role | aut |
| author_sort | Osband, Kent |
| author_variant | k o ko |
| building | Verbundindex |
| bvnumber | BV043599147 |
| collection | ZDB-23-DGG |
| ctrlnum | (ZDB-23-DGG)9780231525411 (OCoLC)1165508271 (DE-599)BVBBV043599147 |
| dewey-full | 658.15/5 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.15/5 |
| dewey-search | 658.15/5 |
| dewey-sort | 3658.15 15 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV043599147</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">160614s2011 xx |||| o|||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780231525411</subfield><subfield code="9">978-0-231-52541-1</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.7312/osba15172</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-23-DGG)9780231525411</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1165508271</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV043599147</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-859</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1046</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-858</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">658.15/5</subfield><subfield code="2">22</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Osband, Kent</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Pandora's Risk</subfield><subfield code="b">Uncertainty at the Core of Finance</subfield><subfield code="c">Kent Osband</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">New York, NY</subfield><subfield code="b">Columbia University Press</subfield><subfield code="c">[2011]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">© 2011</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource</subfield><subfield code="b">40 line drawings, 5 tables</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Columbia Business School Publishing</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Description based on online resource; title from PDF title page (publisher's Web site, viewed Mar. 21, 2016)</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">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</subfield></datafield><datafield tag="546" ind1=" " ind2=" "><subfield code="a">In English</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial risk management</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial risk</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-23-DGG</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-029013360</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="l">DE-859</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FKE_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="l">DE-860</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FLA_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="l">DE-473</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">UBG_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="l">DE-739</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">UPA_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="l">DE-1046</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FAW_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="l">DE-1043</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FAB_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://www.degruyter.com/doi/book/10.7312/osba15172</subfield><subfield code="l">DE-858</subfield><subfield code="p">ZDB-23-DGG</subfield><subfield code="q">FCO_PDA_DGG</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV043599147 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-18T15:08:40Z |
| institution | BVB |
| isbn | 9780231525411 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029013360 |
| oclc_num | 1165508271 |
| open_access_boolean | |
| owner | DE-859 DE-860 DE-473 DE-BY-UBG DE-739 DE-1046 DE-1043 DE-858 |
| owner_facet | DE-859 DE-860 DE-473 DE-BY-UBG DE-739 DE-1046 DE-1043 DE-858 |
| physical | 1 online resource 40 line drawings, 5 tables |
| psigel | ZDB-23-DGG ZDB-23-DGG FKE_PDA_DGG ZDB-23-DGG FLA_PDA_DGG ZDB-23-DGG UBG_PDA_DGG ZDB-23-DGG UPA_PDA_DGG ZDB-23-DGG FAW_PDA_DGG ZDB-23-DGG FAB_PDA_DGG ZDB-23-DGG FCO_PDA_DGG |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | Columbia University Press |
| record_format | marc |
| series2 | Columbia Business School Publishing |
| 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 |