Download or read book Tail Risk Killers How Math Indeterminacy and Hubris Distort Markets written by Jeffrey McGinn and published by McGraw Hill Professional. This book was released on 2012-01-06 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reshape your investing strategy for an increasingly uncertain world “An engrossing, fast-paced, terrific read for anyone interested in the financial imbalances due to too much reliance on math and too little respect for indeterminacy.” —Tyler Durden, ZeroHedge.com The world does not unfold according to a fixed set of rules. It is a dynamical system whose evolution looks like a bell curve with fat “tails.” The same is true of financial markets. However, every day we rely on the certainty and precision of mathematical strategies that assume the contrary to control and grow wealth in markets. Tail Risk Killers shows you how the rigidity of model-based thinking has led to the fragility of today’s global financial marketplace, and it explains how to use adaptive trading strategies to mitigate risk in impending market conditions. Risk management veteran Jeff McGinn pokes holes in prevalent assumptions about how financial markets act that tend to underestimate the likelihood of occurrence of extreme events. Through clear, conversational writing, real-world anecdotes, and easy-tofollow formulas, he provides a glimpse into the way tomorrow’s successful traders are viewing financial markets—with an eye for probability distributions. While illustrating how to protect your assets from tail risk, he shows you how to: Implement the six axioms for risk management Prepare for the unintended consequences of central banks suppressing tail risk Identify and avoid the dark risks hidden in today’s derivative-laden financial system Anticipate the fate of credit default swaps that may not face extinction McGinn argues that the intervention of central banks has robbed global markets of their opportunities to adapt, but this highly relevant book shows you that it is not too late to adapt your portfolio to survive the extreme events that happen more often than popular financial models suggest. Tail Risk Killers helps you discover useful information and processes beyond the focus of industry standards, helps you connect the dots of evolving trading strategies and time your next trade for maximum profitability.
Download or read book Entrepreneurial Finance written by Gary Gibbons and published by SAGE Publications. This book was released on 2014-10-29 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical approach for entrepreneurs and investors Entrepreneurial Finance provides readers with the fundamental knowledge to finance, start, grow, and value new ventures, without the complex finance terms and calculations. This comprehensive yet practical approach incorporates a global perspective that appeals to entrepreneurs, investors, and students with diverse backgrounds, knowledge, and experience. From Facebook to Camera+, Gary Gibbons, Robert D. Hisrich, and Carlos M. DaSilva use real-world examples and their professional experiences to bring concepts to life. This text is one of the most readable books in the market without compromising high quality content and resources.
Download or read book Complexity written by M. Mitchell Waldrop and published by Open Road Media. This book was released on 2019-10-01 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: “If you liked Chaos, you’ll love Complexity. Waldrop creates the most exciting intellectual adventure story of the year” (The Washington Post). In a rarified world of scientific research, a revolution has been brewing. Its activists are not anarchists, but rather Nobel Laureates in physics and economics and pony-tailed graduates, mathematicians, and computer scientists from all over the world. They have formed an iconoclastic think-tank and their radical idea is to create a new science: complexity. They want to know how a primordial soup of simple molecules managed to turn itself into the first living cell—and what the origin of life some four billion years ago can tell us about the process of technological innovation today. This book is their story—the story of how they have tried to forge what they like to call the science of the twenty-first century. “Lucidly shows physicists, biologists, computer scientists and economists swapping metaphors and reveling in the sense that epochal discoveries are just around the corner . . . [Waldrop] has a special talent for relaying the exhilaration of moments of intellectual insight.” —The New York Times Book Review “Where I enjoyed the book was when it dove into the actual question of complexity, talking about complex systems in economics, biology, genetics, computer modeling, and so on. Snippets of rare beauty here and there almost took your breath away.” —Medium “[Waldrop] provides a good grounding of what may indeed be the first flowering of a new science.” —Publishers Weekly
Download or read book The Dao of Capital written by Mark Spitznagel and published by John Wiley & Sons. This book was released on 2013-08-16 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: As today's preeminent doomsday investor Mark Spitznageldescribes his Daoist and roundabout investmentapproach, “one gains by losing and loses by gaining.”This is Austrian Investing, an archetypal, counterintuitive,and proven approach, gleaned from the 150-year-old Austrian Schoolof economics, that is both timeless and exceedingly timely. In The Dao of Capital, hedge fund manager andtail-hedging pioneer Mark Spitznagel—with one of the topreturns on capital of the financial crisis, as well as over acareer—takes us on a gripping, circuitous journey from theChicago trading pits, over the coniferous boreal forests andcanonical strategists from Warring States China to NapoleonicEurope to burgeoning industrial America, to the great economicthinkers of late 19th century Austria. We arrive at his centralinvestment methodology of Austrian Investing, where victorycomes not from waging the immediate decisive battle, but ratherfrom the roundabout approach of seeking the intermediatepositional advantage (what he calls shi), of aiming at theindirect means rather than directly at the ends. The monumentalchallenge is in seeing time differently, in a whole newintertemporal dimension, one that is so contrary to ourwiring. Spitznagel is the first to condense the theories of Ludwig vonMises and his Austrian School of economics into a cohesiveand—as Spitznagel has shown—highly effective investmentmethodology. From identifying the monetary distortions andnon-randomness of stock market routs (Spitznagel's bread andbutter) to scorned highly-productive assets, in Ron Paul's wordsfrom the foreword, Spitznagel “brings Austrian economics fromthe ivory tower to the investment portfolio.” The Dao of Capital provides a rare and accessible lookthrough the lens of one of today's great investors to discover aprofound harmony with the market process—a harmony that is soessential today.
Download or read book Foundations of Complex system Theories written by Sunny Y. Auyang and published by Cambridge University Press. This book was released on 1998 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes approaches to the study of complexity in the physical, biological, and social sciences.
Download or read book An Introduction to Ecological Economics written by Robert Costanza and published by CRC Press. This book was released on 2014-12-02 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Empty-World Economics to Full-World EconomicsEcological economics explores new ways of thinking about how we manage our lives and our planet to achieve a sustainable, equitable, and prosperous future. Ecological economics extends and integrates the study and management of both "nature's household" and "humankind's household"-An Introduction to
Download or read book Technics and Time 1 written by Bernard Stiegler and published by Stanford University Press. This book was released on 1998 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is a technical object? At the beginning of Western philosophy, Aristotle contrasted beings formed by nature, which had within themselves a beginning of movement and rest, and man-made objects, which did not have the source of their own production within themselves. This book, the first of three volumes, revises the Aristotelian argument and develops an innovative assessment whereby the technical object can be seen as having an essential, distinct temporality and dynamics of its own. The Aristotelian concept persisted, in one form or another, until Marx, who conceived of the possibility of an evolution of technics. Lodged between mechanics and biology, a technical entity became a complex of heterogeneous forces. In a parallel development, while industrialization was in the process of overthrowing the contemporary order of knowledge as well as contemporary social organization, technology was acquiring a new place in philosophical questioning. Philosophy was for the first time faced with a world in which technical expansion was so widespread that science was becoming more and more subject to the field of instrumentality, with its ends determined by the imperatives of economic struggle or war, and with its epistemic status changing accordingly. The power that emerged from this new relation was unleashed in the course of the two world wars. Working his way through the history of the Aristotelian assessment of technics, the author engages the ideas of a wide range of thinkers--Rousseau, Husserl, and Heidegger, the paleo-ontologist Leroi-Gourhan, the anthropologists Vernant and Detienne, the sociologists Weber and Habermas, and the systems analysts Maturana and Varela.
Download or read book Intellectual History in Contemporary South Africa written by M. Eze and published by Springer. This book was released on 2016-04-30 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: In examining the intellectual history in contemporary South Africa, Eze engages with the emergence of ubuntu as one discourse that has become a mirror and aftermath of South Africa s overall historical narrative. This book interrogates a triple socio-political representation of ubuntu as a displacement narrative for South Africa s colonial consciousness; as offering a new national imaginary through its inclusive consciousness, in which different, competing, and often antagonistic memories and histories are accommodated; and as offering a historicity in which the past is transformed as a symbol of hope for the present and the future. This book offers a model for African intellectual history indignant to polemics but constitutive of creative historicism and healthy humanism.
Download or read book The Risk Theatre Model of Tragedy written by Edwin Wong and published by FriesenPress. This book was released on 2019-02-04 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: WHEN YOU LEAST EXPECT IT, BIRNAM WOOD COMES TO DUNSINANE HILL The Risk Theatre Model of Tragedy presents a profoundly original theory of drama that speaks to modern audiences living in an increasingly volatile world driven by artificial intelligence, gene editing, globalization, and mutual assured destruction ideologies. Tragedy, according to risk theatre, puts us face to face with the unexpected implications of our actions by simulating the profound impact of highly improbable events. In this book, classicist Edwin Wong shows how tragedy imitates reality: heroes, by taking inordinate risks, trigger devastating low-probability, high-consequence outcomes. Such a theatre forces audiences to ask themselves a most timely question---what happens when the perfect bet goes wrong? Not only does Wong reinterpret classic tragedies from Aeschylus to O’Neill through the risk theatre lens, he also invites dramatists to create tomorrow’s theatre. As the world becomes increasingly unpredictable, the most compelling dramas will be high-stakes tragedies that dramatize the unintended consequences of today's risk takers who are taking us past the point of no return.
Download or read book Thirteen Ways of Looking at Latino Art written by Ilan Stavans and published by Duke University Press. This book was released on 2014-02-07 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essayist and cultural commentator Ilan Stavans and the analytic philosopher Jorge J. E. Gracia share long-standing interests in the intersection of art and ideas. Here they take thirteen pieces of Latino art, each reproduced in color, as occasions for thematic discussions. Whether the work at the center of a particular conversation is a triptych created by the brothers Einar and Jamex de la Torre, Andres Serrano's controversial Piss Christ, a mural by the graffiti artist BEAR_TCK, or Above All Things, a photograph by María Magdalena Campos-Pons, Stavans and Gracia's exchanges inevitably open out to literature, history, ethics, politics, religion, and visual culture more broadly. Autobiographical details pepper Stavans and Gracia's conversations, as one or the other tells what he finds meaningful in a given work. Sparkling with insight, their exchanges allow the reader to eavesdrop on two celebrated intellectuals—worldly, erudite, and unafraid to disagree—as they reflect on the pleasures of seeing.
Download or read book Agonistics written by Janet Lungstrum and published by SUNY Press. This book was released on 1997-09-11 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on a very significant psycho-cultural concept (that of "agonistics" or "contestatory creativity") with ramifications in several areas of the postmodern debate: cultural philosophy, psychologies of race, gender and the body, and narratology.
Download or read book 12 Rules for Life written by Jordan B. Peterson and published by Random House Canada. This book was released on 2018-01-23 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 NATIONAL BESTSELLER #1 INTERNATIONAL BESTSELLER What does everyone in the modern world need to know? Renowned psychologist Jordan B. Peterson's answer to this most difficult of questions uniquely combines the hard-won truths of ancient tradition with the stunning revelations of cutting-edge scientific research. Humorous, surprising and informative, Dr. Peterson tells us why skateboarding boys and girls must be left alone, what terrible fate awaits those who criticize too easily, and why you should always pet a cat when you meet one on the street. What does the nervous system of the lowly lobster have to tell us about standing up straight (with our shoulders back) and about success in life? Why did ancient Egyptians worship the capacity to pay careful attention as the highest of gods? What dreadful paths do people tread when they become resentful, arrogant and vengeful? Dr. Peterson journeys broadly, discussing discipline, freedom, adventure and responsibility, distilling the world's wisdom into 12 practical and profound rules for life. 12 Rules for Life shatters the modern commonplaces of science, faith and human nature, while transforming and ennobling the mind and spirit of its readers.
Download or read book J M Coetzee s Revisions of the Human written by Kai Wiegandt and published by Springer Nature. This book was released on 2020-01-22 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Kai Wiegandt’s study offers a nuanced, thoroughgoing and deeply engaging account of novelist J.M. Coetzee’s revision of our core ideas of the human—not least the human sense of uniqueness that we have invested in our belief in reason and conviction of God-likeness. He persuasively analyses the careful ways through which Coetzee deploys narrative as a mode of thinking through such human and post-human questions, so developing a fresh and original approach Wiegandt calls ‘anthropological realism’. Drawing on thinkers from across the French, German and Anglophone traditions, Wiegandt has produced a fiercely insightful and committedly interdisciplinary study.” — Elleke Boehmer, Professor of World Literature in English, University of Oxford “J.M. Coetzee’s Revisions of the Human offers a bold and compelling argument that is sure to make a serious intervention in Coetzee criticism. Wiegandt introduces several new fields of enquiry in relation to Coetzee’s fiction; the discussions thus reframe well-worn debates in an innovative way, making for unexpected insights in seemingly familiar critical terrain. The book opens up a valuable and thought-provoking perspective on Coetzee’s work, and will be of particular interest to the philosophically-minded Coetzee specialist.” — Carrol Clarkson, Professor and Chair of Modern English Literature, University of Amsterdam "Tracking skilfully across the shifting terrain of J. M. Coetzee’s fictions, Kai Wiegandt draws out their philosophical and literary intertexts in this lucid, erudite and compelling book, and thereby illuminates a fundamental concern that has persisted throughout Coetzee’s career: to probe and push our ideas of what it is to be human." — Jarad Zimbler, author of J. M. Coetzee and the Politics of Style This study argues that the most consistent concern in Coetzee’s oeuvre is the question of what makes us human. Ideas of the human that stress language use, reason, self-consciousness, autonomy and God-likeness are revised in his novels via a ‘poetic of testing’ which pits intertextually referenced ideas against each other in polyphonic narratives. In addition to examining the philosophical provenance of questions of the human in the work of such thinkers as Plato, Hegel, Heidegger, Barthes and Foucault, the study charts Coetzee’s reconfiguration of elements drawn from major literary precursors like Cervantes, Heinrich von Kleist, Kafka and Beckett. Its leading argument is that Coetzee revises the Enlightenment idea of the human as a disengaged, autonomous thinker by demonstrating the limitations of reason; that he instead offers a view of humanity as engaged agency, a view most compatible with ideas developed in the discourse of post humanism, theories of materiality and social practice theory; and that his revisions depend on narrative form as much as they recommend a narrative approach to ideas in general.
Download or read book Genome written by Matt Ridley and published by Harper Collins. This book was released on 2013-03-26 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Ridley leaps from chromosome to chromosome in a handy summation of our ever increasing understanding of the roles that genes play in disease, behavior, sexual differences, and even intelligence. . . . . He addresses not only the ethical quandaries faced by contemporary scientists but the reductionist danger in equating inheritability with inevitability.” — The New Yorker The genome's been mapped. But what does it mean? Matt Ridley’s Genome is the book that explains it all: what it is, how it works, and what it portends for the future Arguably the most significant scientific discovery of the new century, the mapping of the twenty-three pairs of chromosomes that make up the human genome raises almost as many questions as it answers. Questions that will profoundly impact the way we think about disease, about longevity, and about free will. Questions that will affect the rest of your life. Genome offers extraordinary insight into the ramifications of this incredible breakthrough. By picking one newly discovered gene from each pair of chromosomes and telling its story, Matt Ridley recounts the history of our species and its ancestors from the dawn of life to the brink of future medicine. From Huntington's disease to cancer, from the applications of gene therapy to the horrors of eugenics, Ridley probes the scientific, philosophical, and moral issues arising as a result of the mapping of the genome. It will help you understand what this scientific milestone means for you, for your children, and for humankind.
Download or read book Postcolonialism Cross Examined written by Monika Albrecht and published by Routledge. This book was released on 2019-06-19 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a strikingly interdisciplinary and global approach, Postcolonialism Cross-Examined reflects on the current status of postcolonial studies and attempts to break through traditional boundaries, creating a truly comparative and genuinely global phenomenon. Drawing together the field of mainstream postcolonial studies with post-Soviet postcolonial studies and studies of the late Ottoman Empire, the contributors in this volume question many of the concepts and assumptions we have become accustomed to in postcolonial studies, creating a fresh new version of the field. The volume calls the merits of the field into question, investigating how postcolonial studies may have perpetuated and normalized colonialism as an issue exclusive to Western colonial and imperial powers. The volume is the first to open a dialogue between three different areas of postcolonial scholarship that previously developed independently from one another: • the wide field of postcolonial studies working on European colonialism, • the growing field of post-Soviet postcolonial/post-imperial studies, • the still fledgling field of post-Ottoman postcolonial/post-imperial studies, supported by sideways glances at the multidirectional conditions of interaction in East Africa and the East and West Indies. Postcolonialism Cross-Examined looks at topics such as humanism, nationalism, multiculturalism, nostalgia, and the Anthropocene in order to piece together a new, broader vision for postcolonial studies in the twenty-first century. By including territories other than those covered by the postcolonial mainstream, the book strives to reframe the “postcolonial” as a genuinely global phenomenon and develop multidirectional postcolonial perspectives.
Download or read book America and the Musical Unconscious written by Julius Greve and published by . This book was released on 2015-07-31 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Music occupies a peculiar role in the field of American Studies. It is undoubtedly recognized as an important form of cultural production, yet the field continues to privilege textual and visual forms of art as its objects of examination. The essays collected in this volume seek to adjust this imbalance by placing music center stage while still acknowledging its connections to the fields of literary and visual studies that engage with the specifically American cultural landscape. In doing so, they proffer the concept of the 'musical unconscious' as an analytical tool of understanding the complexities of the musical production of meanings in various social, political, and technological contexts, in reference to country, queer punk, jazz, pop, black metal, film music, blues, carnival music, Muzak, hip-hop, experimental electronic music, protest and campaign songs, minimal music, and of course the kazoo. Contributions by Hanjo Berressem, Christian Broecking, Martin Butler, Christof Decker, Mario Dunkel, Benedikt Feiten, Paola Ferrero, Jurgen Grandt, Julius Greve, Christian Hanggi, Jan Niklas Jansen, Thoren Opitz, Sascha Pohlmann, Arthur Sabatini, Christian Schmidt, Bjorn Sonnenberg-Schrank, Gunter Suss, and Katharina Wiedlack."
Download or read book Tokyo Cyberpunk written by Steven T. Brown and published by Springer. This book was released on 2016-04-30 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Engaging some of the most canonical and thought-provoking anime, manga, and science fiction films, Tokyo Cyberpunk offers insightful analysis of Japanese visual culture. Steven T. Brown draws new conclusions about the cultural flow of art, as well as important technological issues of the day.
