Illusion of control : why financial crises happen, and what we can and can't do about it / Jon Danielsson.

Finance brings prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximizing our growth. Current strategies rely on mathematical techniques and historical data to predict future risk, but ignore the human component, failing to take into account the...

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Bibliographic Details
Main Author: Daníelsson, Jón (Author)
Language:English
Published: New Haven : Yale University Press, 2022.
Subjects:
Financial crises.
Financial risk.
Physical Description:vii, 276 pages : illustrations ; 24 cm
Format: Book
Contents:
  • Riding the Tiger
  • Systemic Risk
  • Groundhog Day
  • The Risk Panopticon
  • The Myth of the Riskometer
  • Ideas Matter: Risk and Uncertainty
  • Endogenous Risk
  • If You Can't Take the Risk, Change Riskometers
  • The Goldilocks Challenge
  • The Risk Theater
  • The Uniformity, Efficiency, and Stability Trilemma
  • All about BoB: Robots and the Future of Risk
  • The Path Not to Take
  • What to Do?