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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Stubbornly holding the theoretical fort. Adam rated it did not like it Jul 08, The Real Business of Finance. For the past few decades, the financial world has often displayed an unreasonable willingness to believe that “the model is right, the market is wrong,” in spite of the fact that these theoretical machinations were largely responsible for the stock market crash ofthe LTCM crisis ofthe credit crisis ofand many other blow-ups, large and small.
Now, in Lecturing Birds on Flying, Pablo Triana offers a powerful indictment on the trustworthiness of financial ttriana, explaining-in rtiana plain English-how malfunctions in these quantitative machines have wreaked havoc in our real world.
Lecturing Birds on Flying Audiobook | Pablo Triana |
Trivia About Lecturing Birds o East Dane Designer Men’s Fashion. You submitted the following rating and review. Return to Book Page. A second rate Nassim Taleb.
Lecturing Birds on Flying: How Financial Practice Differs from Theory by Pablo Triana
Nassim Taleb first addressed the issue in his bords treatise on options, Dynamic Hedging. Some say this book is poorly written. Heeding Fischer Black’s message. The review must be at least 50 characters long.
A Moral Approach to the Dismal Science “Pablo Triana is an entertaining and engaging writer, even onthe dry subject of finance theory.
About Pablo Triana Pablo Triana has successful derivatives experience at all levels: Do not bother with this boring book. Given all of these sources of error, continuing the engineering analogy, lecfuring seems modern finance does a fairly rtiana job For the past few decades, the financial world has often displayedan unreasonable willingness to believe that “the model is right,the market is wrong,” in spite of the fact that these theoreticalmachinations were largely responsible for the stock market crash of, the LTCM crisis ofthe credit crisis ofand manyother blow-ups, oon and ibrds.
But these examples are purely anecdotal, and it would take many years to show that this is widespread, or that the converse is true. He shows that the markets indeed cannot be tamed with equations,presenting a long and powerful list of obstacles to prove hispoint: Cord Schuck rated it liked it Aug 30, Let’s not forget that happened in the days of the good old fashioned common sense that are so dear to Triana’s heart.
Between these Markov lexturing from one position to the next, the author is busy indulging himself in distasteful and unprofessional ridicule of the “arrogant” and “self-serving” financial theorists who never spent a minute on the trading floor, and who were responsible for “terrible, theory-ignited mischief. In other words, the financial decision-making should return to the use of “old-fashioned commonsense. Hero-worship of Nassim Taleb, sarcasm. Should we care that theorists persist?
Pablo Triana knows both the financial industry and the academic community from the inside. Rating us into hell. Canada Pension Plan Investment Board. Triana is also the author of Corporate Derivatives.
Amazon Second Chance Pass it on, trade it in, give it a second life. Can Mathematical Theories Destroy the Markets? Machine learning comes to finance Its a computational.
Lecturing Birds on Flying: How Financial Practice Differs from Theory
Customers who bought this item also bought. The author then examines the sources of origin of many prevalenttheories and mathematical dictums. Once upon a time at MIT.
His debunking of conventionalwisdom is a treat. The main point of fying argument is repeated more often than needed, and it is not a unique argument. Read reviews that mention risk management pablo triana wall street financial markets black swan nassim taleb economic crisis quantitative finance financial crisis wrote the foreword mathematical modeling real world mathematical models value at risk taleb wrote mathematical model financial economics markets triana reading this book financial market.
As others before me, I was also led to Triana’s book by the works of N. The tired “perfect storm” alibi may be a facade.
Customers who viewed this item also viewed. Regularity and universality – forget it. May 30, Sebastian Perez Saaibi rated it did not like it.
Lecturing Birds on Flying : Can Mathematical Theories Destroy the Financial Markets?
Gifting of the Kindle edition at the Kindle MatchBook price is not available. He presents a forceful summary of the problems with mathematical economic models. Why is availability limited? Explore the Home Gift Guide.
If one humble lesson could be taken from reading bifds book it is that the financial markets of the twenty-first century rattle and intimidate some people, even seasoned traders and financial professionals.