{"product_id":"risk-uncertainty-in-quantitative-finance-designing-robust-trading-portfolio-and-decision-systems-beyond-the-gaussian-world-9798242758483","title":"Risk \u0026 Uncertainty in Quantitative Finance: Designing Robust Trading, Portfolio, and Decision Systems Beyond the Gaussian World","description":"\u003cp\u003e • Author(s): James Preston | Hayden Van Der Post\u003cbr\u003e • Publisher: Independently Published\u003cbr\u003e • Publisher Imprint: Independently Published\u003cbr\u003e • BISAC: Finance - Financial Engineering\u003c\/p\u003e\u003cp\u003e\u003cb\u003eReactive Publishing\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eMost financial models assume markets behave nicely. They do not.\u003c\/p\u003e\u003cp\u003eReturns are not normally distributed. Volatility clusters. Correlations spike under stress. Rare events dominate outcomes. And strategies that look statistically sound on paper routinely fail in live markets.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eRisk \u0026amp; Uncertainty in Quantitative Finance\u003c\/i\u003e is written for quantitative analysts, traders, portfolio managers, and technically minded investors who want to move beyond fragile Gaussian assumptions and design systems that survive real-world uncertainty.\u003c\/p\u003e\u003cp\u003eBuilding on classical probability and statistics, this book focuses on how risk actually manifests in markets-and how to manage it when distributions are fat-tailed, regimes shift, and outcomes are path-dependent. Rather than treating risk as a static number, it shows how uncertainty evolves over time and how poor risk architecture, not bad signals, is the primary cause of blowups.\u003c\/p\u003e\u003cp\u003eInside, you will learn how to: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\u003cp\u003eModel and reason about fat tails, extreme events, and asymmetric risk\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003eUnderstand drawdowns, risk of ruin, and survival constraints in trading systems\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003eDesign position sizing frameworks that balance growth, volatility, and drawdown control\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003eRecognize regime shifts, volatility clustering, and structural breaks before they invalidate models\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003eDistinguish expected value from realized outcomes in path-dependent systems\u003c\/p\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cp\u003eBuild portfolios and strategies that remain robust when assumptions fail\u003c\/p\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eThis book is not about chasing alpha or optimizing backtests. It is about designing decision systems that remain functional when markets behave badly, and knowing which risks matter, which do not, and which will eventually end you if ignored.\u003c\/p\u003e\u003cp\u003eIf you rely on statistical models, quantitative strategies, or systematic decision-making in financial markets, this book will change how you think about risk, and why survival, not precision, is the true objective of quantitative finance.\u003c\/p\u003e","brand":"Independently Published","offers":[{"title":"Paperback","offer_id":47572868104343,"sku":"9798242758483","price":2539.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9798242758483.webp?v=1774891333","url":"https:\/\/atlanticbooks.com\/products\/risk-uncertainty-in-quantitative-finance-designing-robust-trading-portfolio-and-decision-systems-beyond-the-gaussian-world-9798242758483","provider":"Atlantic Books","version":"1.0","type":"link"}