||56 of 57 people found the following review helpful.| A much-needed bridge between academic theory and practical financial risk management|By Aaron C. Brown|This book fills an essential niche between highly theoretical work on complex systems and the day-to-day risk management practiced in financial institutions. The author offers a sophisticated treatment of agent-based modeling using simple concepts and no mathematics. The wo||"Important and elegantly written."--Jason Zweig, Wall Street Journal
"The End of Theory holds some important lessons for financial markets today. . . . According to Bookstaber, it’s time to stop tweaking a 150-year-old mo
An in-depth look at how to account for the human complexities at the heart of today's financial system
Our economy may have recovered from the Great Recession—but not our economics. In The End of Theory, Richard Bookstaber discusses why the human condition and the radical uncertainty of our world renders the standard economic model—and the theory behind it—useless for dealing with financial crises. What model should replace it? N...
[PDF.nj94] The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction Rating: 4.62 (516 Votes)
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You can specify the type of files you want, for your device.The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction | Richard Bookstaber. Just read it with an open mind because none of us really know.
