Plight of the Fortune Tellers

Plight of the Fortune Tellers PDF Author: Riccardo Rebonato
Publisher: Princeton University Press
ISBN: 1400824370
Category : Business & Economics
Languages : en
Pages : 303

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Book Description
Today's top financial-risk professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on quantitative precision is misleading--and it puts us all at risk. This is the case that Riccardo Rebonato makes in Plight of the Fortune Tellers--and coming from someone who is both an experienced market professional and an academic, this heresy is worth listening to. Rebonato forcefully argues that we must restore genuine decision making to our financial planning, and he shows us how to do it using probability, experimental psychology, and decision theory. This is the only way to effectively manage financial risk in a manner congruent with how human beings actually react to chance. Rebonato challenges us to rethink the standard wisdom about probability in financial-risk management. Risk managers have become obsessed with measuring risk and believe that these quantitative results by themselves can guide sound financial choices--but they can't. In this book, Rebonato offers a radical yet surprisingly commonsense solution, one that seeks to remind us that managing risk comes down to real people making decisions under uncertainty. Plight of the Fortune Tellers is not only a book for the decision makers of Wall Street, it's a must-read for anyone concerned about how today's financial markets are run. The stakes have never been higher--can you risk it?

Plight of the Fortune Tellers

Plight of the Fortune Tellers PDF Author: Riccardo Rebonato
Publisher: Princeton University Press
ISBN: 1400824370
Category : Business & Economics
Languages : en
Pages : 303

Get Book Here

Book Description
Today's top financial-risk professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on quantitative precision is misleading--and it puts us all at risk. This is the case that Riccardo Rebonato makes in Plight of the Fortune Tellers--and coming from someone who is both an experienced market professional and an academic, this heresy is worth listening to. Rebonato forcefully argues that we must restore genuine decision making to our financial planning, and he shows us how to do it using probability, experimental psychology, and decision theory. This is the only way to effectively manage financial risk in a manner congruent with how human beings actually react to chance. Rebonato challenges us to rethink the standard wisdom about probability in financial-risk management. Risk managers have become obsessed with measuring risk and believe that these quantitative results by themselves can guide sound financial choices--but they can't. In this book, Rebonato offers a radical yet surprisingly commonsense solution, one that seeks to remind us that managing risk comes down to real people making decisions under uncertainty. Plight of the Fortune Tellers is not only a book for the decision makers of Wall Street, it's a must-read for anyone concerned about how today's financial markets are run. The stakes have never been higher--can you risk it?

National Service Corps

National Service Corps PDF Author: United States. Congress. Senate. Labor and Public Welfare
Publisher:
ISBN:
Category :
Languages : en
Pages : 474

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Night Thoughts

Night Thoughts PDF Author: Wallace Shawn
Publisher: Haymarket Books
ISBN: 1608468135
Category : Literary Collections
Languages : en
Pages : 50

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Book Description
This “acerbic yet compassionate” meditation on humanity by the acclaimed actor and playwright offers “curiosity, thoughtfulness, sharp logic, deep emotion” (Publishers Weekly, starred review). Beloved actor and Obie Award–winning playwright Wallace Shawn has been an incisive commentator on civilization and its discontents for decades. Now, having recently passed the age of seventy and watched Donald Trump claim the presidency, he offers a late-stage critique of his species, which he sees as being divided between the lucky and the unlucky. In Night Thoughts, Shawn takes the lucky—himself included—to task for their complacency while offering fascinating reflections on “civilization, morality, Beethoven, 11th-century Japanese court poetry, and his hopes for a better world, among other topics” (Publishers Weekly, starred review).

Consumers' Guide

Consumers' Guide PDF Author:
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 204

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Plight of the Fortunate

Plight of the Fortunate PDF Author: Tre LaVin
Publisher: AuthorHouse
ISBN: 1665524243
Category : Fiction
Languages : en
Pages : 115

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Book Description
Gabriel Clarkson has always done what was expected of him. Now in his final year of college the next phase of the greatness that his father has always proclaimed for him is set to come to pass. Everything that Gabriel has worked for is right there for the taking. There is just one problem...his vices are threatening to unravel the very fabric of who he is. Still, even worse, some of those closest to him are not even aware of the tumult that he wrestles with from dusk till dawn and once they find out the wheels will surely come off. In trying to be what everyone else is sure he is supposed to be Gabriel is struggling to find out who he really is. In the face of Black Lives Matter, Blue Lives Matter, and All Lives Matter something happens that will leave Gabriel asking if he even matters! Even those from the “right side of the tracks” can go left. The weight of certain expectations hover over him like the shadow of a 40-foot-tall bear. Now, the very same shadow of fortune that has always protected him will undoubtedly destroy him unless he figures out just how he got here and comes to grips with who he has become...

We Are All Our Brothers' Keeper

We Are All Our Brothers' Keeper PDF Author: Debbie Adadevoh
Publisher: Debbie Adadevoh
ISBN: 1480040428
Category : Family & Relationships
Languages : en
Pages : 121

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Book Description
This book takes a look at the current state of minorities in America through the lens of the past, present and the future and offers some perspectives on the current state of affairs. We examine causes and effects and touch on the responsibility of individuals, parents, government and of course society at large. We take a critical look at the paths young people take, why they take such paths and the missteps, and any corrective actions that those of influence can take to help them along the way. We all have a collective responsibility, in this critical analysis, this book forces us to look at our own role, it encourages us to own our roles and to contribute to the well-being of our fellow human citizens.

The Fortune Men

The Fortune Men PDF Author: Nadifa Mohamed
Publisher: Knopf
ISBN: 0593534360
Category : Fiction
Languages : en
Pages : 321

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Book Description
BOOKER PRIZE FINALIST • Based on a true event, this novel is “a blues song cut straight from the heart ... about the unjust death of an innocent Black man caught up in a corrupt system” (Walter Mosley, best-selling author of Devil in a Blue Dress). In Cardiff, Wales in 1952, Mahmood Mattan, a young Somali sailor, is accused of a crime he did not commit: the brutal killing of Violet Volacki, a shopkeeper from Tiger Bay. At first, Mahmood believes he can ignore the fingers pointing his way; he may be a gambler and a petty thief, but he is no murderer. He is a father of three, secure in his innocence and his belief in British justice. But as the trial draws closer, his prospect for freedom dwindles. Now, Mahmood must stage a terrifying fight for his life, with all the chips stacked against him: a shoddy investigation, an inhumane legal system, and, most evidently, pervasive and deep-rooted racism at every step. Under the shadow of the hangman's noose, Mahmood begins to realize that even the truth may not be enough to save him. A haunting tale of miscarried justice, this book offers a chilling look at the dark corners of our humanity.

The Works ¬of ¬Henry ¬Howard, ¬earl ¬of ¬Surrey ¬and ¬of ¬Sir ¬Thomas ¬Wyatt, ¬the ¬elder

The Works ¬of ¬Henry ¬Howard, ¬earl ¬of ¬Surrey ¬and ¬of ¬Sir ¬Thomas ¬Wyatt, ¬the ¬elder PDF Author: Henry Howard
Publisher:
ISBN:
Category :
Languages : en
Pages : 836

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Congress Weekly

Congress Weekly PDF Author:
Publisher:
ISBN:
Category : Jews
Languages : en
Pages : 1566

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The Psychology of Sympathy

The Psychology of Sympathy PDF Author: Lauren Wispé
Publisher: Springer Science & Business Media
ISBN: 147576779X
Category : Psychology
Languages : en
Pages : 230

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Book Description
The origins of this book probably go back to Gordon Allport's seminar in social psychology at Harvard during the late 1940s and to the invitation from Gardner Lindzey, some years later, to contribute a section on "Sympathy and Empathy" to the International Encyclopedia of the Social Sciences (1968). Since those early beginnings, the book has been "in the process of becoming. " During that time I have benefited greatly from the knowledge and assistance of many colleagues, especially the following, who read and commented upon portions of the manuscript: Raymond Gastil, the late Joseph Katz, David McClelland, Jitendra Mohanty, Paul Mussen, Richard Solomon, and Bernard Weiner. To Kenneth Merrill for a close reading of the Hume material and to M. Brewster Smith for a careful reading of and suggestions on Chapters 7 and 8, I am especially indebted. Beverly Joyce withstood constant interruptions to provide much-needed library assistance, and Vivian Wheeler gave generously of her excellent editorial experience and knowledge. A fellowship at the Battelle Research Center in Seattle and an appointment as a visiting scholar at Harvard were of incalculable help, providing opportunity, stimulation, and freedom from teaching responsibilities. To all of the above I am deeply indebted. Just a few words about the organization of this book.