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Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently

Riccardo Rebonato




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 | #1034838 in eBooks |  2010-11-08 |  2010-11-08 | File type: PDF

||1 of 1 people found the following review helpful.| I really enjoyed reading how Riccardo differentiates events that have low probability ...|By Shashi Dhungel|After listening to the author’s analysis in Econotalk podcast (If you do not know what econtalk.org is I suggest you take a peek. I assure you, you will bump into things that you will like) I bought this book and read first few chapters with deep interest. Riccardo| |This is an enjoyable, approachable book that may be read by anyone with an analytical mind. It is free of mathematics, yet it makes no concessions when it comes to explaining the complexities of a problem...I found a flowing prose that was a pleasure to read..

Today's top financial professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on quantitative precision is misleading--and puts everyone at risk. In Plight of the Fortune Tellers, Riccardo Rebonato forcefully argues that we must restore genuine decision making to our financial planning. Presenting a financial model that uses probability, experimental psychology, a...

You can specify the type of files you want, for your gadget.Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently   |  Riccardo Rebonato. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.

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