Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk
Description:
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
Best prices to buy, sell, or rent ISBN 9780071700597
Frequently Asked Questions about Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk
The price for the book starts from $8.41 on Amazon and is available from 21 sellers at the moment.
If you’re interested in selling back the Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk book, you can always look up BookScouter for the best deal. BookScouter checks 30+ buyback vendors with a single search and gives you actual information on buyback pricing instantly.
As for the Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk book, the best buyback offer comes from and is $ for the book in good condition.
The Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk book is in very low demand now as the rank for the book is 4,619,074 at the moment. A rank of 1,000,000 means the last copy sold approximately a month ago.
Not enough insights yet.