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The Dark Side of Risk Management: How People Frame Decisions in Financial Markets

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Unveiling the human factor in financial risk.

If you're curious about the psychological underpinnings that drive the decisions of financial juggernauts, "The Dark Side of Risk Management" could offer you some compelling insights. It steps away from dry, academic treatments of risk, providing a practical look at the messy reality of human psychology in the high-stakes world of finance. It's thought-provoking, accessible, and might just change how you perceive decision-making in an industry that affects us all.

Sale

The Dark Side of Risk Management: How People Frame Decisions in Financial Markets

Regular price RM153.18 MYR RM72.75 MYR 53% off
Unit price
per
ISBN: 9780273663461
Authors: Peter Smith
Date of Publication: 2004-01-01
Format: Hardcover
Related Collections: Business, Economics, Psychology
Goodreads rating: 3.5
(rated by 2 readers)

Description

In practice, people are not nearly as rational as it is assumed and they make more mistakes than their egos are willing to honestly admit. Over-optimism, stubbornness, inertia...human behaviour is increasingly recognised as a factor in decisions with risk outcomes. The management of risk can no longer ignore behaviour on the grounds that if you can't measure it you can't manage it. Measuring and managing the elusive human factor - the dark side - of risk is the challenge that Luca Celati takes on in this groundbreaking book. Rather than concentrating entirely on the theory, empirical studies and academic debates, this book makes the topic more accessible for people who want to roll up their sleeves and get their hands dirty. This book will provide practical guidelines and thought processes to use inside a financial institution, typically a Bank with a trading room, dealmakers and risk managers, the latter looking at market risk, credit risk or both. What happens inside the decision-makers' heads - rather than the sophistication of the tools they use - is the prime concern here.
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Unveiling the human factor in financial risk.

If you're curious about the psychological underpinnings that drive the decisions of financial juggernauts, "The Dark Side of Risk Management" could offer you some compelling insights. It steps away from dry, academic treatments of risk, providing a practical look at the messy reality of human psychology in the high-stakes world of finance. It's thought-provoking, accessible, and might just change how you perceive decision-making in an industry that affects us all.