Pandora S Risk
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Pandora S Risk
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Author : Kent Osband
language : en
Publisher: Columbia University Press
Release Date : 2011
Pandora S Risk written by Kent Osband and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.
Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances. Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.
Pandora S Risk
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Author : Kent Osband
language : en
Publisher: Columbia University Press
Release Date : 2011-07-05
Pandora S Risk written by Kent Osband and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-05 with Business & Economics categories.
Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don't trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances. Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband's rational approach points to a finance theory worthy of twenty-first-century investing.
Rational Decisions
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Author : Ken Binmore
language : en
Publisher: Princeton University Press
Release Date : 2008-12-29
Rational Decisions written by Ken Binmore and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-29 with Mathematics categories.
It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. When is it correct to use Bayesian decision theory--and when does it need to be modified? Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. Ken Binmore discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress. In arguing that the Bayesian approach to knowledge is inadequate in a large world, Binmore proposes an extension to Bayesian decision theory--allowing the idea of a mixed strategy in game theory to be expanded to a larger set of what Binmore refers to as "muddled" strategies. Written by one of the world's leading game theorists, Rational Decisions is the touchstone for anyone needing a concise, accessible, and expert view on Bayesian decision making.
Playing For Real Coursepack Edition
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Author : Ken Binmore
language : en
Publisher: Oxford University Press
Release Date : 2012-10-18
Playing For Real Coursepack Edition written by Ken Binmore and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-18 with Business & Economics categories.
Playing for Real is a problem-based textbook on game theory that has been widely used at both the undergraduate and graduate levels. The Coursepack Edition contains only the material necessary for a course of ten two-hour lectures plus problem classes. It comes with a disc of teaching aids including the author's own lecture presentations and two series of weekly exercise sets with answers.
Playing For Real Coursepack Edition
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Author : Ken Binmore
language : en
Publisher: Oxford University Press
Release Date : 2012-08-01
Playing For Real Coursepack Edition written by Ken Binmore and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-01 with Business & Economics categories.
Playing for Real is a problem-based textbook on game theory that has been widely used at both the undergraduate and graduate levels. This Coursepack Edition will be particularly useful for teachers new to the subject. It contains only the material necessary for a course of ten, two-hour lectures plus problem classes and comes with a disk of teaching aids including pdf files of the author's own lecture presentations together with two series of weekly exercise sets with answers and two sample final exams with answers. There are at least three questions a game theory book might answer: What is game theory about? How is game theory applied? Why is game theory right? Playing for Real is perhaps the only book that attempts to answer all three questions without getting heavily mathematical. Its many problems and examples are an integral part of its approach. Just as athletes take pleasure in training their bodies, there is much satisfaction to be found in training one's mind to think in a way that is simultaneously rational and creative. With all of its puzzles and paradoxes, game theory provides a magnificent mental gymnasium for this purpose. It is the author's hope that exercising on the equipment provided by this Coursepack Edition will bring the reader the same kind of pleasure that it has brought to so many other students.
Playing For Real
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Author : Ken Binmore
language : en
Publisher: Oxford University Press
Release Date : 2007-03-29
Playing For Real written by Ken Binmore and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-29 with Business & Economics categories.
Ken Binmore's previous game theory textbook, Fun and Games (D.C. Heath, 1991), carved out a significant niche in the advanced undergraduate market; it was intellectually serious and more up-to-date than its competitors, but also accessibly written. Its central thesis was that game theory allows us to understand many kinds of interactions between people, a point that Binmore amply demonstrated through a rich range of examples and applications. This replacement for the now out-of-date 1991 textbook retains the entertaining examples, but changes the organization to match how game theory courses are actually taught, making Playing for Real a more versatile text that almost all possible course designs will find easier to use, with less jumping about than before. In addition, the problem sections, already used as a reference by many teachers, have become even more clever and varied, without becoming too technical. Playing for Real will sell into advanced undergraduate courses in game theory, primarily those in economics, but also courses in the social sciences, and serve as a reference for economists.
Pandora S Gamble
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Author : Alison Young
language : en
Publisher: Hachette UK
Release Date : 2023-04-25
Pandora S Gamble written by Alison Young and has been published by Hachette UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-25 with Political Science categories.
Named to Kirkus Reviews’ Best Books of 2023 A ‘remarkable book.’ – The New York Times This fearless, deeply reported book about laboratory accidents asks the haunting question some elite scientists don’t want the public to entertain: Did the COVID-19 pandemic start with a lab leak in Wuhan, China? This is an obvious question. Yet there’s been an extraordinary effort by government officials in China, as well as leading scientific experts in the United States and around the world, to shut down any investigation or discussion of the lab leak theory. In private, however, some of the world’s elite scientists have seen a lab accident as a very real and horrifying possibility. They know what the public doesn’t. Lab accidents happen with shocking frequency. Even at the world’s best-run labs. That’s among the revelations from Alison Young, the award-winning investigative reporter who has spent nearly 15 years uncovering shocking safety breaches at prestigious U.S. laboratories for USA Today and other respected news outlets. In Pandora’s Gamble, Young goes deep into the troubling history -- and enormous risks -- of leaks and accidents at scientific labs. She takes readers on a riveting journey around the world to some of the worst lab mishaps in history, including the largely unknown stories of the lab workers at the U.S. Army’s Camp Detrick who suffered devastating infections at alarming rates during World War II. And her groundbreaking reporting exposes for the first time disturbing new details about recent accidents at prestigious laboratories – and the alarming gaps in government oversight that put all of us at risk. Sourced through meticulous reporting and exclusive interviews with key players including Dr. Anthony Fauci, former CDC Director Tom Frieden and others, Young’s examination reveals that the only thing rare about lab accidents is the public rarely finds out about them. Because when accidents happen, powerful people and institutions often work hard to keep the information secret.
Pandora S Clock
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Author : Maureen Freely
language : en
Publisher: Vintage
Release Date : 1994
Pandora S Clock written by Maureen Freely and has been published by Vintage this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Abortion categories.
Pandora S Locks
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Author : Jeff Alexander
language : en
Publisher:
Release Date : 2009-05-07
Pandora S Locks written by Jeff Alexander and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-07 with History categories.
The St. Lawrence Seaway was considered one of the world's greatest engineering achievements when it opened in 1959. The $1 billion project-a series of locks, canals, and dams that tamed the ferocious St. Lawrence River-opened the Great Lakes to the global shipping industry. Linking ports on lakes Superior, Michigan, Huron, Erie, and Ontario to shipping hubs on the world's seven seas increased global trade in the Great Lakes region. But it came at an extraordinarily high price. Foreign species that immigrated into the lakes in ocean freighters' ballast water tanks unleashed a biological shift that reconfigured the world's largest freshwater ecosystems. Pandora's Locks is the story of politicians and engineers who, driven by hubris and handicapped by ignorance, demanded that the Seaway be built at any cost. It is the tragic tale of government agencies that could have prevented ocean freighters from laying waste to the Great Lakes ecosystems, but failed to act until it was too late. Blending science with compelling personal accounts, this book is the first comprehensive account of how inviting transoceanic freighters into North America's freshwater seas transformed these wondrous lakes.
Closing Pandora S Box
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Author : Rachel Rebecca Pollock
language : en
Publisher:
Release Date : 2002
Closing Pandora S Box written by Rachel Rebecca Pollock and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Poetry categories.