BookValueQuantitative Finance
T. W. Epps
( http://www.landmarkonthenet.com/ )
Understanding risk
What is common between choosing a portfolio of assets, and deciding whether to buy a lottery ticket? Or, between waiting for an oncoming car before making a turn, and studying an extra hour for a particular exam? All these are instances of decisions under uncertainty, where one must choose among actions whose consequences are to some extent unpredictable, says T. W. Epps in Quantitative Finance: Its development, mathematical foundations, and current scope.
More
Posts
0 comments:
Post a Comment