The Illusion of control: why financial crises happen, and what we can (and can't) do about it
Finance brings prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximizing our growth. Current strategies rely on mathematical techniques and historical data to predict future risk, but ignore the human component, failing to take into account the...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New Haven
Yale University Press
[2022]
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| Schlagworte: | |
| Zusammenfassung: | Finance brings prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximizing our growth. Current strategies rely on mathematical techniques and historical data to predict future risk, but ignore the human component, failing to take into account the nature of risk inherent in the system.0 Jon Danielsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | vii, 276 Seiten Illustrationen 24 cm |
| ISBN: | 9780300234817 |
Internformat
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| 100 | 1 | |a Daníelsson, Jón |d 1963- |e Verfasser |0 (DE-588)115392769 |4 aut | |
| 245 | 1 | 0 | |a The Illusion of control |b why financial crises happen, and what we can (and can't) do about it |c Jón Daníelsson |
| 264 | 1 | |a New Haven |b Yale University Press |c [2022] | |
| 300 | |a vii, 276 Seiten |b Illustrationen |c 24 cm | ||
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| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references and index | ||
| 505 | 8 | |a Riding the Tiger -- Systemic Risk -- Groundhog Day -- The Risk Panopticon -- The Myth of the Riskometer -- Ideas Matter: Risk and Uncertainty -- Endogenous Risk -- If You Can't Take the Risk, Change Riskometers -- The Goldilocks Challenge -- The Risk Theater -- The Uniformity, Efficiency, and Stability Trilemma -- All about BoB: Robots and the Future of Risk -- The Path Not to Take -- What to Do? | |
| 520 | 3 | |a Finance brings prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximizing our growth. Current strategies rely on mathematical techniques and historical data to predict future risk, but ignore the human component, failing to take into account the nature of risk inherent in the system.0 Jon Danielsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system | |
| 653 | 0 | |a Financial crises | |
| 653 | 0 | |a Financial risk | |
| 653 | 0 | |a Financial crises | |
| 653 | 0 | |a Financial risk | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |z 9780300265095 |w (DE-604)BV048324802 |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-033799307 | ||
Datensatz im Suchindex
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| author | Daníelsson, Jón 1963- |
| author_GND | (DE-588)115392769 |
| author_facet | Daníelsson, Jón 1963- |
| author_role | aut |
| author_sort | Daníelsson, Jón 1963- |
| author_variant | j d jd |
| building | Verbundindex |
| bvnumber | BV048421000 |
| contents | Riding the Tiger -- Systemic Risk -- Groundhog Day -- The Risk Panopticon -- The Myth of the Riskometer -- Ideas Matter: Risk and Uncertainty -- Endogenous Risk -- If You Can't Take the Risk, Change Riskometers -- The Goldilocks Challenge -- The Risk Theater -- The Uniformity, Efficiency, and Stability Trilemma -- All about BoB: Robots and the Future of Risk -- The Path Not to Take -- What to Do? |
| ctrlnum | (OCoLC)1340418838 (DE-599)BVBBV048421000 |
| dewey-full | 338.542 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.542 |
| dewey-search | 338.542 |
| dewey-sort | 3338.542 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV048421000 |
| illustrated | Illustrated |
| index_date | 2024-07-03T20:27:39Z |
| indexdate | 2024-07-10T09:37:44Z |
| institution | BVB |
| isbn | 9780300234817 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033799307 |
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| physical | vii, 276 Seiten Illustrationen 24 cm |
| publishDate | 2022 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | Yale University Press |
| record_format | marc |
| spelling | Daníelsson, Jón 1963- Verfasser (DE-588)115392769 aut The Illusion of control why financial crises happen, and what we can (and can't) do about it Jón Daníelsson New Haven Yale University Press [2022] vii, 276 Seiten Illustrationen 24 cm txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Riding the Tiger -- Systemic Risk -- Groundhog Day -- The Risk Panopticon -- The Myth of the Riskometer -- Ideas Matter: Risk and Uncertainty -- Endogenous Risk -- If You Can't Take the Risk, Change Riskometers -- The Goldilocks Challenge -- The Risk Theater -- The Uniformity, Efficiency, and Stability Trilemma -- All about BoB: Robots and the Future of Risk -- The Path Not to Take -- What to Do? Finance brings prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximizing our growth. Current strategies rely on mathematical techniques and historical data to predict future risk, but ignore the human component, failing to take into account the nature of risk inherent in the system.0 Jon Danielsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system Financial crises Financial risk Erscheint auch als Online-Ausgabe 9780300265095 (DE-604)BV048324802 |
| spellingShingle | Daníelsson, Jón 1963- The Illusion of control why financial crises happen, and what we can (and can't) do about it Riding the Tiger -- Systemic Risk -- Groundhog Day -- The Risk Panopticon -- The Myth of the Riskometer -- Ideas Matter: Risk and Uncertainty -- Endogenous Risk -- If You Can't Take the Risk, Change Riskometers -- The Goldilocks Challenge -- The Risk Theater -- The Uniformity, Efficiency, and Stability Trilemma -- All about BoB: Robots and the Future of Risk -- The Path Not to Take -- What to Do? |
| title | The Illusion of control why financial crises happen, and what we can (and can't) do about it |
| title_auth | The Illusion of control why financial crises happen, and what we can (and can't) do about it |
| title_exact_search | The Illusion of control why financial crises happen, and what we can (and can't) do about it |
| title_exact_search_txtP | The Illusion of control why financial crises happen, and what we can (and can't) do about it |
| title_full | The Illusion of control why financial crises happen, and what we can (and can't) do about it Jón Daníelsson |
| title_fullStr | The Illusion of control why financial crises happen, and what we can (and can't) do about it Jón Daníelsson |
| title_full_unstemmed | The Illusion of control why financial crises happen, and what we can (and can't) do about it Jón Daníelsson |
| title_short | The Illusion of control |
| title_sort | the illusion of control why financial crises happen and what we can and can t do about it |
| title_sub | why financial crises happen, and what we can (and can't) do about it |
| work_keys_str_mv | AT danielssonjon theillusionofcontrolwhyfinancialcriseshappenandwhatwecanandcantdoaboutit |