Coverart for item
The Resource Stalking the black swan : research and decision making in a world of extreme volatility, Kenneth A. Posner

Stalking the black swan : research and decision making in a world of extreme volatility, Kenneth A. Posner

Label
Stalking the black swan : research and decision making in a world of extreme volatility
Title
Stalking the black swan
Title remainder
research and decision making in a world of extreme volatility
Statement of responsibility
Kenneth A. Posner
Creator
Subject
Language
eng
Summary
Kenneth A. Posner spent close to two decades as a Wall Street analyst, tracking the so-called "specialty finance" sector, which included controversial companies such as Countrywide, Fannie Mae, Freddie Mac, CIT, and MasterCard¿many of which were caught in the subprime mortgage and capital markets crisis of 2007. While extreme volatility is nothing new in finance, the recent downturn caught many off guard, indicating that the traditional approach to decision making had let them down. Introducing a new framework for handling and evaluating extreme risk, Posner draws on years of experience to show how decision makers can best cope with the "Black Swans" of our time.Posner's shrewd assessment combines the classic fundamental research approach of Benjamin Graham and David Dodd with more recent developments in cognitive science, computational theory, and quantitative finance. He outlines a probabilistic approach to decision making that involves forecasting across a range of scenarios, and he explains how to balance confidence, react accurately to fast-breaking information, overcome information overload, zero in on the critical issues, penetrate the information asymmetry shielding corporate executives, and integrate the power of human intuition with sophisticated analytics. Emphasizing the computational resources we already have at our disposal¿our computers and our minds¿Posner offers a new track to decision making for analysts, investors, traders, corporate executives, risk managers, regulators, policymakers, journalists, and anyone who faces a world of extreme volatility
Cataloging source
TEFOD
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Columbia Business School Publishing
Stalking the black swan : research and decision making in a world of extreme volatility, Kenneth A. Posner
Label
Stalking the black swan : research and decision making in a world of extreme volatility, Kenneth A. Posner
Link
http://www.jstor.org/stable/10.7312/posn15048
Publication
Related Contributor
Related Location
Related Agents
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Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Forecasting in extreme environments -- Thinking in probabilities -- The balance between overconfidence and underconfidence, and the special risk of complex modeling -- Fighting information overload with strategy -- Making decisions in real time: how to react to new information without falling victim to cognitive dissonance -- Mitigating information asymmetry -- Mapping from simple ideas to complex analysis -- The power and pitfalls of Monte Carlo modeling -- Judgment
http://library.link/vocab/cover_art
https://contentcafe2.btol.com/ContentCafe/Jacket.aspx?Return=1&Type=S&Value=9780231521673&userID=ebsco-test&password=ebsco-test
Dimensions
unknown
http://library.link/vocab/discovery_link
{'f': 'http://opac.lib.rpi.edu/record=b4345242'}
Extent
1 online resource (255 pages)
File format
unknown
Form of item
online
Isbn
9780231521673
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote

Library Locations

    • Folsom LibraryBorrow it
      110 8th St, Troy, NY, 12180, US
      42.729766 -73.682577
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