The illusion of control[electronic resource] :why financial crises happen, and what we can (and can't) do about it
- 作者: Daníelsson, Jón.
- 出版: New Haven, CT : Yale University Press c2022.
- 稽核項: 1 online resource (288 p.) :ill.
- 標題: Financial crises. , Financial risk.
- ISBN: 0300265093 , 9780300265095
- ISBN: 9780300234817
- 試查全文@TNUA:
- 附註: Includes bibliographical references and index.
- 摘要: 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 nature of risk inherent in the system. Jón Daníelsson 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. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
- 電子資源: https://dbs.tnua.edu.tw/login?url=https://www.degruyter.com/isbn/9780300265095
- 系統號: 005331783
- 資料類型: 電子書
- 讀者標籤: 需登入
- 引用網址: 複製連結
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 Daníelsson 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. Daníelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
來源: Google Book
來源: Google Book
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