Uncertainty, Ambiguity, and Financial Decision-Making
Author(s) -
William Bryant,
Kumar Ankit,
Puneet Mahajan,
Maneesh Dangi,
Bryan D'Aguiar,
Uday Damodaran
Publication year - 2014
Publication title -
vikalpa the journal for decision makers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.241
H-Index - 23
eISSN - 2395-3799
pISSN - 0256-0909
DOI - 10.1177/0256090920140107
Subject(s) - bootstrapping (finance) , ambiguity , hedge fund , financial economics , finance , bond , business , capital market , financial market , actuarial science , economics , computer science , programming language
“ T he revolutionary idea that defines the boundary between modern times and the past is the mastery of risk”, says Peter Bernstein, while introducing his book, Against the Gods: The Remarkable Story of Risk.1 He goes on to say, “By showing the world how to understand risk, measure it, and weigh its consequences, they (here Bernstein is referring to the thinkers in history) converted risk-taking into one of the prime catalysts that drives modern Western society”.
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