Affective Decision Making Under Uncertainty

Risk, Ambiguity and Black Swans

Autori

• Donald J. Brown

Parametri

• 96 pagine
• 4 ore di lettura

• Business & Management

Maggiori informazioni sul libro

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.

Lingua: Inglese

Pubblicato: 2020

(In brossura)