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Praise for Lecturing Birds On Flying “Finally, a book taking a critical look at Pablo Triana knows both thefinancial industry and the academic. Lecturing Birds on Flying has 68 ratings and 10 reviews. Pablo Triana knows both the financial industry and the academic community from the inside. Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets? Pablo Triana. John Wiley & Sons, , ISBN.

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Let’s not forget that happened in the days of the good old fashioned common sense that are so dear to Triana’s heart.

Lecturing Birds on Flying: How Financial Practice Differs from Theory

There are some enlightening stories about well known figures, and a couple of nuggets of insight. No model can handle human irrationality. On the whole, this is a good read. The writing style is rather weird. The heart of the book, though, isn’t about technicalities, but instead explores how widely elcturing theories that are applied daily cause our world real harm. Finance is governed by human activity, so it come to no surprise that humans often break rules.

Here’s an example of the writing taken from the preface, p. Sure, many of us feel that we have heard enough on this topic-do we really need another book about the financial mess and how it all began? Refresh and try again.

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Pablo Triana rriana been writing about the limits of these types of mathematics for several years; now he reveals exactly what this means for our markets and why blind self-enslavement to quantitative dictums puts us at great peril.

Canada Pension Plan Investment Board. Nassim Taleb first addressed the conflicts between theoretical and real finance in his technical treatise on options, Dynamic Hedging. Overall rating No ratings yet 0. Amust-read for anyone interested in finance.

This book is written by a young derivative salesman. The title should be at least 4 characters long. Selected pages Title Page. It’s a computational thing. Amazon Restaurants Food delivery from local restaurants.

Pablo reaches new lows with tearing apart the status quo of mathematics on wall street and business school education.

Lecturing Birds on Flying : Pablo Triana :

Pablo Triana knows both the financial industry and the academic community from the inside. Black Swans make things harder. Do as Ln say, not as I do. He is a frequent contributor to business publications, including the Financial TimesForbes.

But this reviewer looks forward to more mathematics in finance, not less, in the years ahead. It should, by rights, spark a revolution in bothinvestment banks and business schools. You are currently using the site but have requested a page in the site. Apparently folk wisdom and “commonsense” can “untangle” the “conundrums” of the financial markets.

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Buffett versus the Black Swan. Hardcoverpages.

Between these Markov transitions from one position to the next, the author is busy indulging tfiana in distasteful and unprofessional ridicule of the “arrogant” and “self-serving” financial theorists who never spent a minute on the trading floor, and who were responsible for “terrible, theory-ignited mischief. We’ll publish them on our site once we’ve reviewed them. Interestingly, critics like Triana of the ‘quantification of finance’ who try to heap as much blame as they can on models risk overlooking the important insights behavioural economics has to offer in analysing crises.

Why have both financial insiders traders, risk managers, executives and outsiders academics, journalists, regulators, the public consistently demonstrated a willingness to treat quantifications as gospel? Jared rated it it was ok Jul 24, When describing reality was okay.