{"product_id":"the-illusion-of-control-jon-danielsson-9780300234817","title":"The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can't) Do about It","description":"\u003cb\u003eA challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e Finance plays a key role in the prosperity of the modern world, but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk--the peril posed by our own behavior. \u003cp\u003e\u003c\/p\u003e J Dan冾lsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Dan冾lsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Jon Danielsson\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0300234813\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780300234817\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Yale University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/28\/2022\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 288\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.16lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.43h x 6.41w x 1.00d","brand":"Jon Danielsson","offers":[{"title":"Hardcover","offer_id":44057550487807,"sku":"9780300234817","price":30.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_4d4b124e-a2e1-43e6-be83-93f6935c10e6.jpg?v=1685047627","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-illusion-of-control-jon-danielsson-9780300234817","provider":"WR Book House","version":"1.0","type":"link"}