Gratuit avec l'essai de 30 jours

  • Lecturing Birds on Flying

  • Can Mathematical Theories Destroy the Financial Markets
  • Auteur(s): Pablo Triana
  • Narrateur(s): Erik Synnestvetd
  • Durée: 15 h et 59 min

1 crédit par mois pour vous procurer le titre de votre choix – ce titre vous appartient.
Le catalogue Plus – écoutez à volonté des milliers de productions originales, de balados et de livres audio.
Après 30 jours, 14,95$/mois + taxes applicables. Annulable en tout temps.
Page de couverture de Lecturing Birds on Flying

Lecturing Birds on Flying

Auteur(s): Pablo Triana
Narrateur(s): Erik Synnestvetd
Essayer pour 0,00$

14,95$ par mois après 30 jours. Annulable en tout temps.

Acheter pour 46,30$

Acheter pour 46,30$

Payer avec la carte finissant par
En confirmant votre achat, vous acceptez les conditions d'utilisation d'Audible et la déclaration de confidentialité d'Amazon. Des taxes peuvent s'appliquer.

Description

For the past few decades, the financial world has often displayed an unreasonable willingness to believe that "the model is right, the market is wrong," in spite of the fact that these theoretical machinations were largely responsible for the stock market crash of 1987, the LTCM crisis of 1998, the credit crisis of 2008, and many other blow-ups, large and small. Why have both financial insiders (traders, risk managers, executives) and outsiders (academics, journalists, regulators, the public) consistently demonstrated a willingness to treat quantifications as gospel? Nassim Taleb first addressed the conflicts between theoretical and real finance in his technical treatise on options, Dynamic Hedging.

Now, in Lecturing Birds on Flying, Pablo Triana offers a powerful indictment on the trustworthiness of financial theory, explaining-in jargon-free plain English-how malfunctions in these quantitative machines have wreaked havoc in our real world. Triana first analyzes the fundamental question of whether financial markets can in principle really be solved mathematically. He shows that the markets indeed cannot be tamed with equations, presenting a long and powerful list of obstacles to prove his point: maverick unlawful human actions rule the markets, unexpected and unimaginable events shape the markets, and historical data is not necessarily a trustworthy guide to the future of the markets.

In the end, Lecturing Birds on Flying calls for the radical substitution of good old-fashioned common sense in place of mathematical decision-making and the restoration to financial power of those who are completely unchained to the iron ball of classroom-obtained qualifications.

©2009 Pablo Triana (P)2009 Gildan Media Corp

Ce que les auditeurs disent de Lecturing Birds on Flying

Moyenne des évaluations de clients

Évaluations – Cliquez sur les onglets pour changer la source des évaluations.

Il n'y a pas encore de critiques disponibles pour ce livre audio.
Trier :
Trier par:
  • Au global
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Histoire
    3 out of 5 stars
  • TJ
  • 2022-03-17

Great Technical Expose

Great technicals if you are a trader or market academic. If you’re not, it’s hard to stay tuned in the middle majority of the book. The beginning and end are worth it, just skip to those.