Title
Dealing With Financial Risk (The Economist),Used
Delivery time: 8-12 business days (International)
The essence of financial risk management is imagining what things might go wrong and then guarding against them. In the past thirty years, a whole industry has grown up around the idea that the behavior of financial markets can be analyzed and outsmarted by mathematical models. But markets are always changing. Modern risk management can only narrow down future outcomes into bands of probabilities. It can never predict; it can only infer what might happen.Ultimately, financial firms have learned that mathematics has limited power to calculate the likelihood of the less frequent more extreme events. As regulators and forwardthinking firms come to grips with this problem, they have ventured into the more uncertain territory of designing stress tests, imagining scenarios, and occasionally playing out entire fictions of the future. Risk management at these extremes challenges the wildest imagination and the frontiers of creativity. Like mountain climbing, it is about minimizing danger and taking calculated risks.Dealing With Financial Risk is a clear and colorful guide to the peaks and crevasses of financial risk management, leading through the theory and practice of risk taking from swaps and futures to credit derivatives and the implications of Basel II, dynamic hedging, Monte Carlo simulations, chaos theory, neural networks, Raroc (riskadjusted return on capital), stress tests, worstcase scenarios, and all kinds of games that are played in the cause of managing risk. In addition, it looks at some spectacular failures of risk management and the lessons that can be learned from them.
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Shipping & Returns
Shipping
We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
Returns
To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Secure Payment
Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
We accept payments with :
Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.