Pandora's Risk : : Uncertainty at the Core of Finance / / Kent Osband.
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, and in the process, markets unite, stretch, an...
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Place / Publishing House: | New York, NY : : Columbia University Press, , [2011] ©2011 |
Year of Publication: | 2011 |
Language: | English |
Series: | Columbia Business School Publishing
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Physical Description: | 1 online resource (304 p.) :; 40 line drawings, 5 tables |
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Osband, Kent, author. aut http://id.loc.gov/vocabulary/relators/aut Pandora's Risk : Uncertainty at the Core of Finance / Kent Osband. New York, NY : Columbia University Press, [2011] ©2011 1 online resource (304 p.) : 40 line drawings, 5 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Columbia Business School Publishing Frontmatter -- 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 restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. 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, 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. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Financial risk management. Financial risk. BUSINESS & ECONOMICS / Finance / Financial Risk Management. bisacsh Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013 9783110442472 print 9780231151733 https://doi.org/10.7312/osba15172 https://www.degruyter.com/isbn/9780231525411 Cover https://www.degruyter.com/document/cover/isbn/9780231525411/original |
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English |
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author |
Osband, Kent, Osband, Kent, |
spellingShingle |
Osband, Kent, Osband, Kent, Pandora's Risk : Uncertainty at the Core of Finance / Columbia Business School Publishing Frontmatter -- 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_facet |
Osband, Kent, Osband, Kent, |
author_variant |
k o ko k o ko |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Osband, Kent, |
title |
Pandora's Risk : Uncertainty at the Core of Finance / |
title_sub |
Uncertainty at the Core of Finance / |
title_full |
Pandora's Risk : Uncertainty at the Core of Finance / Kent Osband. |
title_fullStr |
Pandora's Risk : Uncertainty at the Core of Finance / Kent Osband. |
title_full_unstemmed |
Pandora's Risk : Uncertainty at the Core of Finance / Kent Osband. |
title_auth |
Pandora's Risk : Uncertainty at the Core of Finance / |
title_alt |
Frontmatter -- 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 |
title_new |
Pandora's Risk : |
title_sort |
pandora's risk : uncertainty at the core of finance / |
series |
Columbia Business School Publishing |
series2 |
Columbia Business School Publishing |
publisher |
Columbia University Press, |
publishDate |
2011 |
physical |
1 online resource (304 p.) : 40 line drawings, 5 tables Issued also in print. |
contents |
Frontmatter -- 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 |
9780231525411 9783110442472 9780231151733 |
callnumber-first |
H - Social Science |
callnumber-subject |
HD - Industries, Land Use, Labor |
callnumber-label |
HD61 |
callnumber-sort |
HD 261 O83 42011 |
url |
https://doi.org/10.7312/osba15172 https://www.degruyter.com/isbn/9780231525411 https://www.degruyter.com/document/cover/isbn/9780231525411/original |
illustrated |
Not Illustrated |
dewey-hundreds |
600 - Technology |
dewey-tens |
650 - Management & public relations |
dewey-ones |
658 - General management |
dewey-full |
658.155 |
dewey-sort |
3658.155 |
dewey-raw |
658.155 |
dewey-search |
658.155 |
doi_str_mv |
10.7312/osba15172 |
oclc_num |
755168779 |
work_keys_str_mv |
AT osbandkent pandorasriskuncertaintyatthecoreoffinance |
status_str |
n |
ids_txt_mv |
(DE-B1597)459190 (OCoLC)755168779 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013 |
is_hierarchy_title |
Pandora's Risk : Uncertainty at the Core of Finance / |
container_title |
Title is part of eBook package: De Gruyter Columbia University Press eBook-Package Backlist 2000-2013 |
_version_ |
1806143035934769152 |
fullrecord |
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