Pandora's Risk: Uncertainty at the Core of Finance by Kent Osband
Published By: New York and Chichester: Columbia University Press, Columbia Business School Publishing ISBN: 978-0-231-15172-6 Date of Publication: 2011
Book Review Detail
Nikolai Roussanov of University of Pennsylvania and NBER
Review DOI: 10.1257/jel.50.1.179.r7 Review Pages: 195-97
Book Review Abstract
Nikolai Roussanov of University of Pennsylvania and NBER reviews "Pandora's Risk: Uncertainty at the Core of Finance" by Kent Osband. The EconLit Abstract of the reviewed work begins: Explores the importance of learning about risk in finance. Discusses the ultimate confidence game; great expectations; sustainable debt; the Midas touch; safety in numbers; the problem that observations may cease to be relevant; creditability; insecuritization; risks in value-at-risk; and resizing risks. Osband is a strategist and economist. Index.