{"product_id":"bayesian-risk-management-a-guide-to-model-risk-and-sequential-learning-in-financial-markets-9781118708606","title":"Bayesian Risk Management: A Guide to Model Risk and Sequential Learning in Financial Markets","description":"\u003cp\u003e • Author(s): Matt Sekerke\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Corporate Finance - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA Risk Measurement and Management Framework that Takes Model Risk Seriously\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy do risk models break down? The answer may lie in the way that statistical methods are conventionally used to draw inferences about market conditions and inform risk-taking behavior. \u003ci\u003eBayesian Risk Management \u003c\/i\u003eenables a discussion on the way standard statistical methods overlook uncertainty in model specifications, model parameters, and model-driven forecasts. In a simple and direct way, Bayesian methods are used throughout the book to: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eRecognize the assumptions embodied in classical statistics\u003c\/li\u003e \u003cli\u003eQuantify model risk along multiple dimensions\u003c\/li\u003e \u003cli\u003eModel time series without assuming continuity between past and future\u003c\/li\u003e \u003cli\u003eAdjust time-series estimates to maintain forecast accuracy\u003c\/li\u003e \u003cli\u003eUncover uncertainty in workhorse risk and asset-pricing models\u003c\/li\u003e \u003cli\u003eAchieve decentralized control of risk-taking in complex organizations\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eFor firms in financial services and other industries operating in a dynamic environment of incomplete information, \u003ci\u003eBayesian Risk Management\u003c\/i\u003e provides a thought-provoking challenge to the prevailing wisdom about the uses and limitations of statistical risk modeling.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45113343672471,"sku":"9781118708606","price":6472.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781118708606.webp?v=1767143269","url":"https:\/\/atlanticbooks.com\/products\/bayesian-risk-management-a-guide-to-model-risk-and-sequential-learning-in-financial-markets-9781118708606","provider":"Atlantic Books","version":"1.0","type":"link"}