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Author: Emanuel Derman
Publisher: Simon and Schuster
ISBN: 1439165017
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
Now in paperback, “a compelling, accessible, and provocative piece of work that forces us to question many of our assumptions” (Gillian Tett, author of Fool’s Gold). Quants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering financial crises with their complex mathematical models. Their formulas were meant to allow Wall Street to prosper without risk. But in this penetrating insider’s look at the recent economic collapse, Emanuel Derman—former head quant at Goldman Sachs—explains the collision between mathematical modeling and economics and what makes financial models so dangerous. Though such models imitate the style of physics and employ the language of mathematics, theories in physics aim for a description of reality—but in finance, models can shoot only for a very limited approximation of reality. Derman uses his firsthand experience in financial theory and practice to explain the complicated tangles that have paralyzed the economy. Models.Behaving.Badly. exposes Wall Street’s love affair with models, and shows us why nobody will ever be able to write a model that can encapsulate human behavior.
Author: Emanuel Derman
Publisher: Simon and Schuster
ISBN: 1439165017
Category : Business & Economics
Languages : en
Pages : 242
Get Book Here
Book Description
Now in paperback, “a compelling, accessible, and provocative piece of work that forces us to question many of our assumptions” (Gillian Tett, author of Fool’s Gold). Quants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering financial crises with their complex mathematical models. Their formulas were meant to allow Wall Street to prosper without risk. But in this penetrating insider’s look at the recent economic collapse, Emanuel Derman—former head quant at Goldman Sachs—explains the collision between mathematical modeling and economics and what makes financial models so dangerous. Though such models imitate the style of physics and employ the language of mathematics, theories in physics aim for a description of reality—but in finance, models can shoot only for a very limited approximation of reality. Derman uses his firsthand experience in financial theory and practice to explain the complicated tangles that have paralyzed the economy. Models.Behaving.Badly. exposes Wall Street’s love affair with models, and shows us why nobody will ever be able to write a model that can encapsulate human behavior.
Author: Juan José López-Ibor
Publisher: John Wiley & Sons
ISBN: 0470021241
Category : Medical
Languages : en
Pages : 288
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Book Description
This title provides a comprehensive overview of clinical, epidemiological, psychobiological, psychosocial and service organization aspects of disaster psychiatry. It takes a practical approach and includes a series of reports on significant experiences made in this field in various regions of the world. An Unbiased and reliable reference point, endorsed by the WPA Includes contributions from internationally acclaimed experts
Author: Society of Biblical Literature
Publisher:
ISBN:
Category : Bible
Languages : en
Pages : 326
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Book Description
Author: Gregory V. Button
Publisher: Berghahn Books
ISBN: 1785332813
Category : Social Science
Languages : en
Pages : 214
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Book Description
Contextualizing Disaster offers a comparative analysis of six recent "highly visible" disasters and several slow-burning, "hidden," crises that include typhoons, tsunamis, earthquakes, chemical spills, and the unfolding consequences of rising seas and climate change. The book argues that, while disasters are increasingly represented by the media as unique, exceptional, newsworthy events, it is a mistake to think of disasters as isolated or discrete occurrences. Rather, building on insights developed by political ecologists, this book makes a compelling argument for understanding disasters as transnational and global phenomena.
Author: J. Stephen Kroll-Smith
Publisher: University Press of Kentucky
ISBN: 0813150566
Category : Social Science
Languages : en
Pages : 211
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Book Description
In the 1950s Centralia was a small town, like many others in the anthracite region of Pennsylvania. But since the 1960s, it has been consumed, outwardly and inwardly by a fire that has inexorably spread in the abandoned mines beneath it. The earth smokes, subsides, and breathes poisonous gases. No less destructive has been the spread of dissension and enmity among the townspeople. The Real Disaster Above Ground tells the story of the fire and the tragic failure of all efforts to counter it. This study of the Centralia fire represents the most thorough canvass of the documentary materials and the community that has appeared. The authors report on the futile efforts of residents to reach a common understanding of an underground threat that was not readily visible and invited multiple interpretations. They trace the hazard management strategies of government agencies that, ironically, all too often created additional threats to the welfare of Centralians. They report on the birth and demise of community organizations, each with its own solution to the problem and its diehard partisans. The final solution, now being put into effect, is to abandon the town and relocate its people. Centralia's environmental disaster, the authors argue, is not a local or isolated phenomenon. It warns of the danger lurking in our own technology when safeguards fail and disaster management policy is not in place to respond to failure, as the examples of Chernobyl and Bhopal have clearly demonstrated. The lessons in this study of the fate of a small town in Pennsylvania are indeed sobering. They should be pondered by a variety of social scientists and planners, by all those dealing with the behavior of people under stress and those responsible for the welfare of the public.
Author: Michelle Garred
Publisher: Lulu.com
ISBN: 0918261511
Category : Reference
Languages : en
Pages : 211
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Book Description
Local voices matter. World Vision offers this book, "Making Sense of Turbulent Contexts", to address a problematic gap within the field of conflict analysis: local knowledge. Analysing large-scale conflict in an inclusive, participatory way will increase the effectiveness of aid in turbulent settings. "Making Sense of Turbulent Contexts" identifies the current participation gap and presents the alternative concepts on which the participatory Making Sense of Turbulent Contexts (MSTC) framework is grounded. Included are concrete, step-by-step tools and seven case studies demonstrating specific MSTC results. The book concludes with a clear vision for the future of participatory macro-level conflict analysis.
Author: Nancy Boyd Webb
Publisher: Guilford Press
ISBN: 1606235982
Category : Psychology
Languages : en
Pages : 433
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Book Description
This acclaimed work describes a range of counseling and therapy approaches for children who have experienced loss. Practitioners and students are given practical strategies for helping preschoolers through adolescents cope with different forms of bereavement, including death in the family, school, and community. Grounded in research on child therapy, bereavement, trauma, and child development, the volume includes rich case presentations and clearly explains the principles that guide interventions. Eleven reproducible assessment tools and handouts can also be downloaded and printed in a convenient 8 1/2" x 11" size.
Author: Girl Scouts of the United States of America
Publisher:
ISBN:
Category : Girl Scouts
Languages : en
Pages : 1094
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Book Description
Author: Eric C. Jones
Publisher: Rowman Altamira
ISBN: 0759113114
Category : Social Science
Languages : en
Pages : 367
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Book Description
Throughout history, societies have had to decide whom to 'sacrifice' and whom to help in times of disaster. This volume examines how elite groups attempt to maintain power through the use of particular economic, political, and ideological instruments and how both ruling elites and common people endeavor to create meaningful traditions while enduring hardship.The Political Economy of Hazards and Disasters demonstrates how vulnerability is economically constructed, primary producers adapt their production regimes, how traders and merchants adapt their practices, and how political economic objectives play out in recovery efforts.
Author:
Publisher:
ISBN:
Category : American literature
Languages : en
Pages : 624
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Book Description
