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Pandora’s Risk : Uncertainty at the Core of Finance.

By: Material type: TextTextSeries: Columbia Business School PublishingPublisher: New York : Columbia University Press, 2011Copyright date: ©2011Description: 1 online resource (305 pages)Content type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9780231525411
Subject(s): Genre/Form: Additional physical formats: Print version:: Pandora’s Risk : Uncertainty at the Core of FinanceDDC classification:
  • 332.01
LOC classification:
  • HD61 .O83 2011
Online resources:
Contents:
Intro -- 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.
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<.
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Holdings
Item type Current library Call number Status Date due Barcode Item holds
Ebrary Online Books Ebrary Online Books Colombo Available CBEBK60006
Ebrary Online Books Ebrary Online Books Jaffna Available JFEBK60006
Ebrary Online Books Ebrary Online Books Kandy Available KDEBK60006
Total holds: 0

Enhanced descriptions from Syndetics:

No detailed description available for "Pandora's Risk".

Intro -- 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.

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<.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.

Reviews provided by Syndetics

Library Journal Review

In his preface, economist Osband (Iceberg Risk) imagines himself conversing with Pandora and Prometheus, who implore him to write a book about the risks Pandora unleashed on the world. Osband replies that he would have to write two books, one for the layperson and one for the expert. The mythic beings convince him to combine the two, creating a book of two minds, in which the reader is expected "to have a sound grounding in economic history, finance theory, and statistics [and to] enjoy mathematical modeling." His basic thesis: that it's impossible to calculate every financial risk, and uncertainty is therefore a central component of financial markets. Rather than knowledge centers, financial markets are learning environments that continually err and learn from their errors. Recognizing the centrality of error to finance, Osband argues, can lead to better regulation. Verdict Osband shunts most of the complicated mathematics to an appendix, but what remains is still quite academic; the book's true audience is finance graduate students and practitioners.-Heidi Senior, Univ. of Portland Lib., OR (c) Copyright 2011. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

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