000			01438nam a2200229 a 4500
001			052613
005			20231009193012.0
008			120531s1996 nyua b 001 0 eng
010			_a96033861
020			_a9780471121046
050	0	0	_aHD61 _b.B466 1996
082	0	0	_a368 BER
100	1		_aBernstein, Peter L.
245	1	0	_aAgainst the gods _b: the remarkable story of risk _c/ Peter L. Bernstein
260			_aNew York _b: John Wiley & Sons _c, c1996.
300			_axi, 383 p. _b: ill. _c; 24 cm.
504			_aIncludes bibliographical references (p. 353-364) and indexes.
520			_aFor 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.
650		0	_aRisk management
650		0	_aDecision making
942			_cMO
999			_c255710 _d255710