Description: Pandora's Risk : Uncertainty at the Core of Finance, Hardcover by Osband, Kent, ISBN 0231151721, ISBN-13 9780231151726, Like New Used, Free shipping in the US For the most part, markets don't trade 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. But 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, Kent 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.
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Book Title: Pandora's Risk : Uncertainty at the Core of Finance
Number of Pages: 304 Pages
Language: English
Publication Name: Pandora's Risk : Uncertainty at the Core of Finance
Publisher: Columbia University Press
Item Height: 0.1 in
Subject: Investments & Securities / Commodities / General, Finance / Financial Risk Management
Publication Year: 2011
Type: Textbook
Item Weight: 19.4 Oz
Item Length: 0.9 in
Subject Area: Business & Economics
Author: Kent Osband
Item Width: 0.7 in
Format: Hardcover
