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Affective Decision Making Under Uncertainty

Risk, Ambiguity and Black Swans

Parámetros

  • 96 páginas
  • 4 horas de lectura

Más información sobre el 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.

Compra de libros

Affective Decision Making Under Uncertainty, Donald J. Brown

Idioma
Publicado en
2020
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Título
Affective Decision Making Under Uncertainty
Subtítulo
Risk, Ambiguity and Black Swans
Idioma
Inglés
Publicado en
2020
Formato
Tapa blanda
Páginas
96
ISBN13
9783030595111
Serie
Descripción
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.