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Affective Decision Making Under Uncertainty

Risk, Ambiguity and Black Swans

Parametri

  • 96pagine
  • 4 ore di lettura

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Focusing on decision-making under uncertainty, this book delves into behavioral economics and finance through essays that examine the concept of Black Swans, as introduced by Taleb. It distinguishes between unprecedented past events and unpredictable future occurrences, emphasizing the nature of Black Swan assets. The author expands Mandelbrot's definition of risky events to include Ambiguous Black Swan assets, which are characterized by unpredictable future returns. This work introduces a new classification of ambiguous assets, highlighting their unique uncertainties in financial contexts.

Acquisto del libro

Affective Decision Making Under Uncertainty, Donald J. Brown

Lingua
Pubblicato
2020
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Metodi di pagamento

Titolo
Affective Decision Making Under Uncertainty
Sottotitolo
Risk, Ambiguity and Black Swans
Lingua
Inglese
Formato
In brossura
Pagine
96
ISBN13
9783030595111
Serie
Descrizione
Focusing on decision-making under uncertainty, this book delves into behavioral economics and finance through essays that examine the concept of Black Swans, as introduced by Taleb. It distinguishes between unprecedented past events and unpredictable future occurrences, emphasizing the nature of Black Swan assets. The author expands Mandelbrot's definition of risky events to include Ambiguous Black Swan assets, which are characterized by unpredictable future returns. This work introduces a new classification of ambiguous assets, highlighting their unique uncertainties in financial contexts.