Bernstein, Peter L. <br/><br/>
Against the gods  : the remarkable story of risk 
/ Peter L. Bernstein 
 - New York  : John Wiley & Sons  , c1996. 
 - xi, 383 p.  : ill.  ; 24 cm. 
<br/><br/>Includes bibliographical references (p. 353-364) and indexes. 
<br/><br/> For several centuries, mathematics has been the language of the exact sciences. Only in the 20th century has mathematics become predominant in other fields, particularly economics and finance. In this book, Bernstein (Capital Ideas: The Improbable Origins of Modern Wall Street, LJ 12/91), head of an economic consulting firm, traces the development of probability theory from its beginnings in analyzing games of chance, through its application to statistical theory and insurance, up to its present use in developing investment strategies to control risk. He includes excellent sections on portfolio analysis and on investments in derivatives. Bernstein clearly describes the people, their work, and the events that have revolutionized the thinking on Wall Street. 
<br/><br/><label>ISBN: </label>9780471121046 
<br/><br/><label>LCCN: </label>96033861 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Risk management<br/>Decision making
<br/><br/><label>LC Class. No.: </label>HD61  / .B466 1996 
<br/><br/><label>Dewey Class. No.: </label>368 BER