Pandora's Risk

Pandora's Risk PDF Author: Kent Osband
Publisher: Columbia University Press
ISBN: 0231151721
Category : Business & Economics
Languages : en
Pages : 306

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Book Description
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.

Pandora's Risk

Pandora's Risk PDF Author: Kent Osband
Publisher: Columbia University Press
ISBN: 0231151721
Category : Business & Economics
Languages : en
Pages : 306

Get Book Here

Book Description
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.

Pandora's Poison

Pandora's Poison PDF Author: Joe Thornton
Publisher: MIT Press
ISBN: 9780262700849
Category : Chlorohydrocarbons
Languages : en
Pages : 624

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Book Description
The dangers of organochlorides and a proposed solution.

Pandora's DNA

Pandora's DNA PDF Author:
Publisher: Chicago Review Press
ISBN: 1613748604
Category : Biography & Autobiography
Languages : en
Pages : 340

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Book Description
Would you cut out your healthy breasts and ovaries if you thought it might save your life? That's not a theoretical question for journalist Lizzie Stark's relatives, who grapple with the horrific legacy of cancer built into the family DNA, a BRCA mutation that has robbed most of her female relatives of breasts, ovaries, peace of mind, or life itself. In Pandora's DNA, Stark uses her family's experience to frame a larger story about the so-called breast cancer genes, exploring the morass of legal quandaries, scientific developments, medical breakthroughs, and ethical concerns that surround the BRCA mutations, from the troubling history of prophylactic surgery and the storied origins of the boob job to the landmark lawsuit against Myriad Genetics, which held patents on the BRCA genes every human carries in their body until the Supreme Court overturned them in 2013. Although a genetic test for cancer risk may sound like the height of scientific development, the treatment remains crude and barbaric. Through her own experience, Stark shows what it's like to live in a brave new world where gazing into a crystal ball of genetics has many unintended consequences.

Pandora's Picnic Basket: The Potential and Hazards of Genetically Modified Foods

Pandora's Picnic Basket: The Potential and Hazards of Genetically Modified Foods PDF Author: Anne Brontë
Publisher: OUP Oxford
ISBN: 0191500682
Category : Science
Languages : en
Pages : 486

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Book Description
The first book to look at all the issues involved in GM (genetically modified food) technology in a clear and dispassionate way. Alan McHughen surveys the technology that makes GM food possible, assesses the risk of health and environmental dangers and the regulatory and labelling processes in force to protect the consumer. Question and answer boxes and case histories, and the author's easy writing style make this an essential purchase for all those interested in the debate. - ;Are you concerned about fish genes in tomatoes? Worried that brazil nut genes in soybeans can result in potentially lethal allergic reactions? That rapeseed plants bred to be resistant to herbicides could become uncontrollable superweeds? You are not alone. The issue of genetically modified foods has fast become one of the most debated of recent years, with scientists and companies seeking to develop the technology on one side, and consumer groups and environmentalists on the other. However, in spite of the great heat generated by the debate, there is very little real information on the subject, either about the technologies in use or about the regulatory processes established to approve the processes and the products. This book sets out to explain, in clear and direct language, the technologies underlying so-called genetically modified food, and compares them with other "natural" methods of plant breeding and production. The author then looks at the safeguards in place from regulators around the world and asks whether these are sufficient. The question of labelling, held by some to be an obvious way out for concerned consumers, is examined, and the honesty and usefulness of some of these labels addressed. The book then looks at issues of real concern, particularly environmental issues, and ways in which a consumer can seek to avoid GMOs if they so choose. In each chapter, key topics are addressed through question and answer boxes. Real case histories illustrate the development and regulation of GMOs, and by the end of the book the reader will be able to make an informed choice about whether to support or challenge this technology, the products of which are increasingly pervasive. -

Pandora's Toolbox

Pandora's Toolbox PDF Author: Wake Smith
Publisher: Cambridge University Press
ISBN: 1009006320
Category : Business & Economics
Languages : en
Pages : 423

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Book Description
Reaching net zero emissions will not be the end of the climate struggle, but only the end of the beginning. For centuries thereafter, temperatures will remain elevated; climate damages will continue to accrue and sea levels will continue to rise. Even the urgent and utterly essential task of reaching net zero cannot be achieved rapidly by emissions reductions alone. To hasten net zero and minimize climate damages thereafter, we will also need massive carbon removal and storage. We may even need to reduce incoming solar radiation in order to lower unacceptably high temperatures. Such unproven and potentially risky climate interventions raise mind-blowing questions of governance and ethics. Pandora's Toolbox offers readers an accessible and authoritative introduction to both the hopes and hazards of some of humanity's most controversial technologies, which may nevertheless provide the key to saving our world.

Rational Decisions

Rational Decisions PDF Author: Ken Binmore
Publisher: Princeton University Press
ISBN: 1400833094
Category : Mathematics
Languages : en
Pages : 214

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Book Description
It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. When is it correct to use Bayesian decision theory--and when does it need to be modified? Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. Ken Binmore discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress. In arguing that the Bayesian approach to knowledge is inadequate in a large world, Binmore proposes an extension to Bayesian decision theory--allowing the idea of a mixed strategy in game theory to be expanded to a larger set of what Binmore refers to as "muddled" strategies. Written by one of the world's leading game theorists, Rational Decisions is the touchstone for anyone needing a concise, accessible, and expert view on Bayesian decision making.

Pandora's Seed

Pandora's Seed PDF Author: Spencer Wells
Publisher: Random House
ISBN: 0679603743
Category : Science
Languages : en
Pages : 257

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Book Description
Ten thousand years ago, our species made a radical shift in its way of life: We became farmers rather than hunter-gatherers. Although this decision propelled us into the modern world, renowned geneticist and anthropologist Spencer Wells demonstrates that such a dramatic change in lifestyle had a downside that we’re only now beginning to recognize. Growing grain crops ultimately made humans more sedentary and unhealthy and made the planet more crowded. The expanding population and the need to apportion limited resources created hierarchies and inequalities. Freedom of movement was replaced by a pressure to work that is the forebear of the anxiety millions feel today. Spencer Wells offers a hopeful prescription for altering a life to which we were always ill-suited. Pandora’s Seed is an eye-opening book for anyone fascinated by the past and concerned about the future.

Living by the Rules of the Sea

Living by the Rules of the Sea PDF Author: David M. Bush
Publisher: Duke University Press
ISBN: 0822317966
Category : Business & Economics
Languages : en
Pages : 200

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Book Description
Living by the Rules of the Sea is a primer for people living along the nation's coastlines, those considering moving to the coast, or those who want a greater understanding of the risks and dangers posed by living at the seacoast. Published as part of Duke University Press's Living with the Shore series, but without a direct focus on the coastline of one particular state, this book is intended as an overall guide to coastal physical processes, risk assessment of potential property damage from coastal natural hazards, and property damage mitigation. Over the past twenty years, the authors have mapped and studied most of the barrier islands in the United States and have experienced coastal processes such as storms and shoreline retreat at close range. They represent a coastal geology/oceanographic perspective that is decidedly in favor of preserving the natural protective capabilities of the native coastal environment. While strongly anti-engineering in outlook, Living by the Rules of the Sea does provide a review of coastal engineering techniques. It also examines methods of repairing damage to the natural environment that lessen the prospect of further property damage. Finally, it employs a more inclusive "coastal zone" approach rather than simply concentrating on a more narrowly defined shoreline. Barrier islands are viewed as part of a larger system in which changes in one part of the system--for example, the mining of sand dunes or dredging offshore for beach replenishment sand--can have profound effects on another part of the system, predictable effects even though they may not be visible for years or decades. A comprehensive handbook with references to recent storms including hurricanes Andrew, Gilbert, Hugo, Emily, and Opal, Living by the Rules of the Sea is designed to help people make better and more informed choices about where or if to live at the coast.

Catastrophic Impact and Loss

Catastrophic Impact and Loss PDF Author: Kevin D. Burton
Publisher: CRC Press
ISBN: 146650465X
Category : Business & Economics
Languages : en
Pages : 335

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Book Description
The author‘s previous work, Managing Emerging Risk: The Capstone of Preparedness considered the notion of risk and what constitutes risk assessment. It presented scenarios to introduce readers to areas of critical thinking around probability and possibility. Six months after the book‘s publication, many of the scenarios came true, and other, more m

Pandora's DNA

Pandora's DNA PDF Author: Lizzie Stark
Publisher: Chicago Review Press
ISBN: 1613748639
Category : Biography & Autobiography
Languages : en
Pages : 340

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Book Description
2015 ALA Notable Book Would you cut out your healthy breasts and ovaries if you thought it might save your life? That's not a theoretical question for journalist Lizzie Stark's relatives, who grapple with the horrific legacy of cancer built into the family DNA, a BRCA mutation that has robbed most of her female relatives of breasts, ovaries, peace of mind, or life itself. In Pandora's DNA, Stark uses her family's experience to frame a larger story about the so-called breast cancer genes, exploring the morass of legal quandaries, scientific developments, medical breakthroughs, and ethical concerns that surround the BRCA mutations, from the troubling history of prophylactic surgery and the storied origins of the boob job to the landmark lawsuit against Myriad Genetics, which held patents on the BRCA genes every human carries in their body until the Supreme Court overturned them in 2013. Although a genetic test for cancer risk may sound like the height of scientific development, the treatment remains crude and barbaric. Through her own experience, Stark shows what it's like to live in a brave new world where gazing into a crystal ball of genetics has many unintended consequences.