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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Lecturing Birds on Flying Audiobook | Pablo Triana |
Pablo Triana knows both thefinancial Now, in Lecturing Birds on FlyingPablo Triana offers a powerful indictment on the trustworthiness of financial theory, explaining-in jargon-free plain English-how malfunctions in these quantitative machines have wreaked havoc in our real world.
An end to indoctrination.
As others before me, I was also led to Triana’s book by the works of N. May 30, Sebastian Perez Saaibi rated it did not like it. Finally, some of the arguments that are made in the book do not have credibility in their details. Pablo’s book explains why we often fall prey to the pitfalls of mathematics.
Espen Gaarder Haugtrader, thinker, and authorof Derivatives Models on Models “A thoroughly readable explanation of the problems that havebeset the models and quantitative techniques that have underpinnedso much of finance in recent years. Some may find the elaborate prose closer to Cervantes than to, say, Nobel Prize winner Robert Merton — annoying. Now, in Lecturing Birds on Flying, Pablo Triana moves the conversation to a narrative that anyone can follow, and explains how it is that theoretical finance can fail dramatically in the real world.
Other editions – View all Lecturing Birds on Flying: I often wondered if Pablo didn’t take a thesaurus, and just grab the longest synonyms listed without understanding the subt This book is a roller-coaster of a read. His understanding of the subject is not in question, at least not by me! This book is not yet featured on Listopia. A must-read f Praise for “Lecturing Birds On Flying””Finally, a book taking a critical look at quantitative finance models, illuminating both their flawed fantasy assumptions as well as the uncritical use of such models on Wall Street, in many cases, leading to billion dollar losses.
Can Mathematical Theories Destroy the Markets? It should, by rights, spark a revolution in bothinvestment banks and business schools. 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? If only the bankers had heeded this message a few years before, we might not be in such a big mess today. Learn more about Amazon Giveaway.
Jun 17, Matthew rated it liked it. Somewill cheer out loud; others will yelp as cherished beliefs are torninto.
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Finance is governed by human activity, so it come to no surprise that humans often break rules. Mohamed Lotfy rated it liked it Sep 22, Sean rated it it was amazing Dec 24, The title should be at least 4 characters long. But perhaps Cervantes is the right writer to emulate when tilting at windmills. His opinions on the need for change, especially the financial economics professors’ influence in the real world of finance The relating of his work experience is another positive All in all, I’d rather pass on the book, for I can assure anyone that the repetitiveness will be found very annoying.
Over and over again. He details how the field offinancial economics evolved from a descriptive discipline to anabstract one dedicated to technically concocting professors’ ownversions of how such a world should work. He goes on to explain howWall Street and other financial centers became eager employers ofscientists, and how scientists became eager employees of financialfirms. Book ratings by Goodreads. The author then examines the sources of origin of many prevalenttheories and mathematical dictums.
Triana is also the author of Corporate Derivatives.
His criticism of VaR is valuable, but his dry writing style is without question an obstacle against the reader’s enjoyment of the book. This is especially true when it comes to the present work’s Luddite attitude. Anyone who’s read Taleb will make note lecutring this early on and it doesn’t get better. It should, by rights, spark a revolution in both investment banks and business schools.
Triana istrying to stimulate debate.
Now, in Lecturing Birds on Flying, Pablo Triana levturing a powerful indictment on the trustworthiness of financial theory, explaining-in jargon-free plain English-how malfunctions in these quantitative machines have wreaked havoc in our real world. He details how the field of financial economics evolved from a triaba discipline to an abstract one dedicated to technically concocting professors’ own versions of how such a world should work. Should we care that theorists persist?
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He presents a forceful summary of the problems with mathematical economic models. Sure, many of us feel that we have heard enough on this topic-do wereally need another book about the financial mess and how it allbegan?
Enjoyable though, a good read if you enjoy finance books and haven’t quite understood the basis for a critique of many of the models yet. An important addition to our deeper understanding of how finance must be reformed. But from dialog throughout the book, he ridicules the attempts to make predictions on human financial behavior.
If only the bankers had heededthis message a few years before, we might not be in such a big messtoday. Once upon a time at MIT. It’s hard to overstate just how bad this is. Triana first analyzes the fundamental question of whetherfinancial markets can in principle really be solved mathematically.
Thousands of books are eligible, including current and former best sellers. In contrast to the body of the book, Taleb’s forward is well-written, logical, insightful, precise, and concise. Table of contents Reviews Foreword. Customers who bought this item also bought.
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