Pandora’s Risk: Uncertainty at the Core of Finance (Columbia Business School Publishing)

Price: ₹1,752.00
(as of Dec 06, 2025 10:07:01 UTC – Details)


Author of the acclaimed work Iceberg Risk: An Adventure in Portfolio Theory, Kent Osband argues that uncertainty is central rather than marginal to finance. Markets don’t trade mainly on changes in risk. They trade on changes in beliefs about risk, and in the process, markets unite, stretch, and occasionally defy beliefs. Recognizing this truth would make a world of difference in investing. Belittling uncertainty has created a rift between financial theory and practice and within finance theory itself, misguiding regulation and stoking huge financial imbalances.
Sparking a revolution in the mindset of the investment professional, Osband recasts the market as a learning machine rather than a knowledge machine. The market continually errs, corrects itself, and makes new errors. Respecting that process, without idolizing it, will promote wiser investment, trading, and regulation. With uncertainty embedded at its core, Osband’s rational approach points to a finance theory worthy of twenty-first-century investing.
Publisher ‏ : ‎ Columbia Business School Pub (19 July 2011)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 283 pages
ISBN-10 ‏ : ‎ 0231151721
ISBN-13 ‏ : ‎ 978-0231151726
Item Weight ‏ : ‎ 544 g
Dimensions ‏ : ‎ 14.99 x 2.79 x 22.86 cm
Country of Origin ‏ : ‎ USA
Importer ‏ : ‎ Atlantic Publishers and Distributors (P) Ltd., 7/22, Ansari Road, Darya Ganj, New Delhi – 110002 INDIA, Email – customercare@atlanticbooks.com, Ph – 011-47320500
Best Sellers Rank: #533,801 in Books (See Top 100 in Books) #21,812 in Analysis & Strategy
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