{"product_id":"extreme-risk-management-christina-ray-9780071700597","title":"Extreme Risk Management: Revolutionary Approaches to Evaluating and Measuring Risk","description":"\u003cp\u003e\u003cb\u003eA revolutionary new approach for detecting and managing inherent risk\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eThe unprecedented turmoil in the financial markets turned the field of quantitative finance on its head and generated severe criticism of the statistical models used to manage risk and predict \"black swan\" events. Something very important had been lost when statistical representations replaced expert knowledge and statistics substituted for causation.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eExtreme Risk Management\u003c\/i\u003e brings causation into the equation. The use of causal models in risk management, securities valuation, and portfolio management provides a real and much-needed alternative to the stochastic models used so far. Providing an alternative tool for risk modeling and scenario-building in stress-testing, this game-changing book uses causal models that help you: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eEvaluate risk with extraordinary accuracy \u003c\/li\u003e\n\u003cli\u003ePredict devastating worst-case scenarios\u003c\/li\u003e\n\u003cli\u003eEnhance transparency \u003c\/li\u003e\n\u003cli\u003eFacilitate better decision making\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003e\u003cb\u003eTABLE OF CONTENTS\u003c\/b\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003ePlausibility vs. Probability: Alternative World Views \u003c\/li\u003e\n\u003cli\u003eThe Evolution of Modern Analytics\u003c\/li\u003e\n\u003cli\u003eRisk Management Metrics and Models \u003c\/li\u003e\n\u003cli\u003eThe Future as Forecast: Assumptions Implicit in Stochastic Risk Measurement Models \u003c\/li\u003e\n\u003cli\u003eAn Alternative Path to Actionable Intelligence \u003c\/li\u003e\n\u003cli\u003eSolutions: Moving Toward a Connectivist Approach \u003c\/li\u003e\n\u003cli\u003eAn Introduction to Causality: Theory, Models, and Inference \u003c\/li\u003e\n\u003cli\u003eRisk Inference Networks: Estimating Vulnerability, Consequences, and Likelihood \u003c\/li\u003e\n\u003cli\u003eSecurities Valuation, Risk Measurement, and Portfolio Management Using Causal Models \u003c\/li\u003e\n\u003cli\u003eRisk Fusion and Super Models: A Framework for Enterprise Risk Management \u003c\/li\u003e\n\u003cli\u003eInferring Causality from Historical Market Behavior \u003c\/li\u003e\n\u003cli\u003eSensemaking for Warnings: Reverse-Engineering Market Intelligence \u003c\/li\u003e\n\u003cli\u003eThe United States as Enterprise: Implications for National Policy and Security\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Christina I. Ray\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0071700595\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780071700597\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e McGraw-Hill Companies\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/28\/2010\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 304\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.28lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.22h x 6.22w x 1.02d\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Christina I. Ray","offers":[{"title":"Hardcover","offer_id":44119374627071,"sku":"9780071700597","price":104.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_c3d5fb92-32d6-4477-95c9-3a6dba7ca68d.jpg?v=1687409019","url":"https:\/\/www.whiterainbookhouse.com\/products\/extreme-risk-management-christina-ray-9780071700597","provider":"WR Book House","version":"1.0","type":"link"}