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| Títol : | The Illusion of control : why financial crises happen, and what we can and can't do about it | | Tipus de document : | text imprès | | Autors : | Jón Daníelsson, Autor | | Editorial : | New Haven : Yale University Press | | Data de publicació : | 2022 | | Nombre de pàgines : | 276 | | Dimensions : | 24 | | ISBN/ISSN/DL : | 978-0-300-23481-7 | | Idioma : | Anglès (eng) | | Matèries : | Economia
Macroeconomia
| | Classificació : | 04 Macroeconomia | | Resum : | A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail
Finance plays a key role in the prosperity of the modern world-but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk-the peril posed by our own behavior.
Jón Danìelsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danìelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system. | | Vista prèvia a Google Books : | https://www.google.es/books/edition/The_Illusion_of_Control/y1hwEAAAQBAJ?hl=es&gbpv=1&dq=The+illusion+of+control++why+financial+crises+happen,+and+what+we+can+and+can%27t+do+about+it&pg=PA5&printsec=frontcover | | Permalink : | https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=4 |
The Illusion of control : why financial crises happen, and what we can and can't do about it [text imprès] / Jón Daníelsson, Autor . - New Haven : Yale University Press, 2022 . - 276 ; 24. ISBN : 978-0-300-23481-7 Idioma : Anglès ( eng) | Matèries : | Economia
Macroeconomia
| | Classificació : | 04 Macroeconomia | | Resum : | A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail
Finance plays a key role in the prosperity of the modern world-but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk-the peril posed by our own behavior.
Jón Danìelsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Danìelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system. | | Vista prèvia a Google Books : | https://www.google.es/books/edition/The_Illusion_of_Control/y1hwEAAAQBAJ?hl=es&gbpv=1&dq=The+illusion+of+control++why+financial+crises+happen,+and+what+we+can+and+can%27t+do+about+it&pg=PA5&printsec=frontcover | | Permalink : | https://bibliotecatriasfargas.cat/pmb/opac_css/index.php?lvl=notice_display&id=4 |
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The Illusion of control / Jón Daníelsson (2022)
