Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk (BOK)

Christina I. Ray

519,00 51900
Sendes vanligvis innen 5-15 dager
A revolutionary new approach for detecting and managing inherent risk The unprecedented turmoil in the financial markets turned the field of quantitative finance on its head and generated severe criticism of the statistical models used to manage risk and predict "black swan" events. Something very important had been lost when statistical representations replaced expert knowledge and statistics substituted for causation. Extreme Risk Management brings causation into the equation. The use of causal models in risk management, securities valuation, and portfolio management provides a real and much-needed alternative to the stochastic models used so far. Providing an alternative tool for risk modeling and scenario-building in stress-testing, this game-changing book uses causal models that help you: Evaluate risk with extraordinary accuracy Predict devastating worst-case scenarios Enhance transparency Facilitate better decision making TABLE OF CONTENTS Plausibility vs. Probability: Alternative World Views The Evolution of Modern Analytics Risk Management Metrics and Models The Future as Forecast: Assumptions Implicit in Stochastic Risk Measurement Models An Alternative Path to Actionable Intelligence Solutions: Moving Toward a Connectivist Approach An Introduction to Causality: Theory, Models, and Inference Risk Inference Networks: Estimating Vulnerability, Consequences, and Likelihood Securities Valuation, Risk Measurement, and Portfolio Management Using Causal Models Risk Fusion and Super Models: A Framework for Enterprise Risk Management Inferring Causality from Historical Market Behavior Sensemaking for Warnings: Reverse-Engineering Market Intelligence The United States as Enterprise: Implications for National Policy and Security

Produktfakta

Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2010 Forfatter Christina I. Ray
Forlag
MCGRAW-HILL Higher Education
ISBN 9780071700597
Antall sider 304 Dimensjoner 16,2cm x 23,6cm x 2,3cm
Vekt 576 gram Leverandør Bertram Trading Ltd
Emner og form Investment & securities, Risk assessment