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. In the process, markets unite, stretch, and occasionally defy beliefs.Recognizing this would make a world of difference in investing. Belittling uncertainty has driven a rift between financial theory and practice and within finance theory itself. It has misguided regulation. It has stoked the greatest financial imbalances

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Year of publication:	2011
Authors:	Osband, Kent
Publisher:	New York : Columbia University Press
Subject:	Risikomanagement \| Risk management \| Portfolio-Management \| Portfolio selection \| Risikomaß \| Risk measure
Description of contents:	Table of Contents [external.dandelon.com]

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Extent:	Online-Ressource (305 p)
Series:	Columbia Business School Publishing
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Contents; Preface; Acknowledgments; Abbreviations; 1. Introduction; 2. The Ultimate Confidence Game; 3. Great Expectations; 4. Sustainable Debt; 5. The Midas Touch; 6. Safety in Numbers; 7. When God Changes Dice; 8. Credit- ability; 9. Insecuritization; 10. Risks in Value-at-Risk; 11. Resizing Risks; 12. Conclusions; Appendix; References; Index
ISBN:	978-0-231-15172-6 ; 978-0-231-52541-1 ; 978-0-231-15173-3
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012677146