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Affective Decision Making Under Uncertainty

Risk, Ambiguity and Black Swans

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  • 96pages
  • 4 heures de lecture

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Focusing on decision-making under uncertainty, this book delves into behavioral economics and finance through essays that examine the concept of Black Swans, as introduced by Taleb. It distinguishes between unprecedented past events and unpredictable future occurrences, emphasizing the nature of Black Swan assets. The author expands Mandelbrot's definition of risky events to include Ambiguous Black Swan assets, which are characterized by unpredictable future returns. This work introduces a new classification of ambiguous assets, highlighting their unique uncertainties in financial contexts.

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Affective Decision Making Under Uncertainty, Donald J. Brown

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Année de publication
2020
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Titre
Affective Decision Making Under Uncertainty
Sous-titre
Risk, Ambiguity and Black Swans
Langue
Anglais
Format
souple
Pages
96
ISBN13
9783030595111
Séries
Description
Focusing on decision-making under uncertainty, this book delves into behavioral economics and finance through essays that examine the concept of Black Swans, as introduced by Taleb. It distinguishes between unprecedented past events and unpredictable future occurrences, emphasizing the nature of Black Swan assets. The author expands Mandelbrot's definition of risky events to include Ambiguous Black Swan assets, which are characterized by unpredictable future returns. This work introduces a new classification of ambiguous assets, highlighting their unique uncertainties in financial contexts.