The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can’t) Do About It

June 28, 2022|
The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can’t) Do About It by Jon Danielsson
$39.00
Hardcover
Earn 195 plum® points
Buy Online
Ship to an address
Pre-order online.Free shipping on orders over $35
Pick up in store
To see if pickup is available,
Find In Store
Not sold in stores
Prices and offers may vary in store

about

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.
Jón Daníelsson is a professor of finance and the director of the Systemic Risk Centre at the London School of Economics. He is the author of Financial Risk Forecasting and Global Financial Systems: Stability and Risk.
Loading
Title:The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can’t) Do About It
Format:Hardcover
Product dimensions:288 pages, 9.25 X 6.13 X 1 in
Shipping dimensions:288 pages, 9.25 X 6.13 X 1 in
Published:June 28, 2022
Publisher:Yale University Press
Language:English
Appropriate for ages:All ages
ISBN - 13:9780300234817

Recently Viewed
|