Today's top financial professionals have come to rely on ever-more sophisticated mathematics in their attempts to come to grips with financial risk. But this excessive reliance on quantitative precision is misleading--and puts everyone at risk. In Plight of the Fortune Tellers, Riccardo Rebonato forcefully argues that we must restore genuine decision making to our financial planning. Presenting a financial model that uses probability, experimental psychology, and decision theory, Rebonato challenges us to rethink the standard wisdom about risk management. He offers a radical yet surprisingly commonsense solution: managing risk comes down to real people making decisions under uncertainty. Plight of the Fortune Tellers is a must-read for anyone concerned about how today's financial markets are run. In a new preface, Rebonato explains how the ideas presented in this book fit into the context of the global financial crisis that followed its original publication. He argues that risk managers are still stuck in a probabilistic rut, and need to engage with the structural causes of real events.
Compiled by more than 300 of the world's leading professionals, visionaries, writers and educators, this is THE first-stop reference resource and knowledge base for finance. QFINANCE covers an extensive range of finance topics with unique insight, authoritative information, practical guidance and thought-provoking widsom. Unmatched for in-depth content, QFINANCE contains more than 2 million words of text, data analysis, critical summaries and bonus online content. Created by Bloomsbury Publishing in association with the Qatar Financial Centre (QFC) Authority, QFINANCE is the expert reference resource for finance professionals, academics, students, journalists and writers. QFINANCE: The Ultimate Resource Special Features: Best Practice and Viewpoint Essays – Finance leaders, experts and educators address how to resolve the most crucial issues and challenges facing business today. Finance Checklists – Step-by-step guides offer problem-solving solutions including hedging interest-rate risk, governance practices, project appraisal, estimating enterprise value and managing credit ratings. Calculations and Ratios – Essential mathematical tools include how to calculate return on investment, return on shareholders’ equity, working capital productivity, EVA, risk-adjusted rate of return, CAPM, etc. Finance Thinkers and Leaders – Illuminating biographies of 50 of the leading figures in modern finance including Joseph De La Vega, Louis Bachelier, Franco Modigliani, Paul Samuelson, and Myron Scholes Finance Library digests –Summaries of more than 130 key works ranging from “Against the Gods” to “Portfolio Theory & Capital Markets” and “The Great Crash”. Country and Sector Profiles – In-depth analysis of 102 countries and 26 sectors providing essential primary research resource for direct or indirect investment. Finance Information Sources – A select list of the best resources for further information on finance and accounting worldwide, both in print and online, including books, journal articles, magazines, internet, and organizations Finance Dictionary – A comprehensive jargon-free, easy-to-use dictionary of more than 9,000 finance and banking terms used globally. Quotations – More than 2,000 business relevant quotations. Free access to QFinance Online Resources (www.qfinance.com): Get daily content updates, podcasts, online events and use our fully searchable database.
Brace yourself for the "lighter side" of the psychotherapy profession (the hysterical stuff rarely revealed)-as seen through the daily trials and tribulations of one dedi-cated, albeit frustrated, Dr. Ted Anker, struggling to save his fledgling mental health program on the campus of Malform College, in the face of fierce and stubborn opposi-tion from an authoritarian college administration. "We follow our protagonist, an idealistic clever young psychologist with an irresistible pro-clivity for puns and for authentic and no holds barred confrontation-perhaps the author's alter ego-in his vivid journey through a variety of unsatisfactory jobs in a mental health clinic, a welfare department, a group home, and academia. On his way he denounces the absurdities and hypocrisies of our bureaucracy and of our whole society. He meets one incompetent, venal, cowardly, malevolent and otherwise contemptible character after an-other, usually in the persona of his chiefs. The quaint case histories that crisscross the story as well as the excitement as to its eventual outcome add further dimensions to this enjoyable story. If you yearn after a frustrating day at work for a totally funny, sarcastic, easy read in which all the indignities of your work situation are described and lambasted, this book is for you."Sophie Freud, MSW, Ph.D. Book Review Editor, American Journal of Psychotherapy Professor Emerita Granddaughter of Dr. Sigmund Freud "This is a well written, fast-paced novel reflective of many of the sociopolitical conditions that facilitate or, perhaps more often, impede the development of effective college and university mental health programs. The narration gives a compellingly vivid personalkind of suspense like that of a good mystery story."Leighton Whitaker, Ph.D., ABPP Editor, Journal of College Student Psychotherapy "Dr. Amada's engaging and humorous book is a too-realistic, too-familiar rollercoaster ride in the real world of college counseling. It really highlights the challenges facing clini-cians to get their campuses to recognize the importance of emotional well-being for academic success. I think this book ought to be required reading for anyone considering going into the mental health field in order to get a picture of what a strange world it is." Richard Kadison, M.D. Chief of Mental Health Service Harvard University Health Services