02385cam a2200457 i 4500 22271548 BJBSDDR 20241016144448.0 ta 211013s2022 ctua b 001 0 eng d 2021948855 GBC2A5728 bnb 020652602 Uk 9780300234817 (hbk.) 0300234813 (hbk.) (OCoLC)on1269093491 YDX eng rda YDX TOH UKMGB CDX DLC eng lccopycat HB 615 D186i 2022 338.5 Daníelsson, Jón 38790 The illusion of control : why financial crises happen, and what we can (and can't) do about it / Jon Danielsson. New Haven : Yale University Press, 2022. vii, 276 pages : illustrations ; 24 cm. text txt rdacontent still image sti rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages 259-265) and index. Finance brings prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximizing our growth. Current strategies rely on mathematical techniques and historical data to predict future risk, but ignore the human component, failing to take into account the nature of risk inherent in the system.0 Jon Danielsson 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. Danielsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system. Financial crises. Crisis financiera 1782 Financial risk. Riesgo financiero 5870 Riesgo (Economía) 14254 7 cbc copycat 2 ncip 20 y-gencatlg lcc BK sba 122175 122175 0 0 lcc 0 0 CS BJB BJB CS 2024-10-09 0 HB 615 D186i 2022 00000128270 2024-10-09 00:00:00 1 2024-10-09 BK