{"product_id":"causal-modeling-for-finance-and-frank-j-fabozzi-9780262054270","title":"Causal Modeling for Finance and Business: Foundations, Frameworks, and Applications","description":"\u003cb\u003eA comprehensive look at causality's theoretical and practical aspects in economics and finance.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e\u003ci\u003eCausal Modeling for Finance and Business\u003c\/i\u003e presents causality's theoretical and practical aspects in economics and finance. Frank Fabozzi and Sergio Focardi offer a foundation for understanding causal relationships and their importance in complex systems. Topics include the theory of graphs, probabilistic frameworks, structural causal models, algorithms for learning causal structures, and the empirical testing of these models. \u003cp\u003e\u003c\/p\u003eThe book emphasizes applying and deploying causal models in real-world business and investment scenarios. However, it offers also a novel theoretical perspective on causal modeling. Causation is not a law of nature, but it is a characteristic of causal systems. If we accept the modern idea of causation as manipulability, causal systems are characterized by causal relationships as well as purely descriptive functional relationships. \u003cp\u003e\u003c\/p\u003eThe book addresses a critical gap in understanding and applying causal reasoning in complex systems. While correlations have often been relied upon in data analysis, decision-making in business and economics demands a deeper understanding of causation and functional relationships to drive actionable outcomes. \u003cp\u003e\u003c\/p\u003eThe book's objective is to provide a comprehensive resource that bridges foundational theories and practical applications of causal models. By integrating recent advancements in artificial intelligence, probabilistic logic, and graph theory, the authors offer a robust framework for researchers, practitioners, and decision-makers to harness the power of causality in solving intricate problems.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Frank J. Fabozzi,Sergio Focardi\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0262054272\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780262054270\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e MIT Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 08\/04\/2026\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 288\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback","brand":"Frank J. Fabozzi","offers":[{"title":"Paperback","offer_id":48440630116607,"sku":"9780262054270","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_e2711d15-7aa1-44a6-9409-0e1fbd18bb05.jpg?v=1777183736","url":"https:\/\/www.whiterainbookhouse.com\/products\/causal-modeling-for-finance-and-frank-j-fabozzi-9780262054270","provider":"WR Book House","version":"1.0","type":"link"}