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Reviews of : Against the Gods The Remarkable Story of Risk by Peter L. Bernstein PDF Book
1st Review – Against the Gods by Peter L. Bernstein is an excelse book that describes not only the historical context in which the science of probability and risk have been developed during centuries, but also the view of the world that distinct societies had during periods of change; being these the guidelines to study risk according to the different times and needs. Bernstein describes thoroughly how the theory and practice have continuously been constructed on the references of previous authors, almost as if the history of risk measurement was a dissertation.
2nd Review about Against the Gods The Remarkable Story of Risk PDF Book by Peter L. Bernstein – Starting with a reference to Prometheus, the book goes through the Greeks and the dice, the substitution in use from Roman to Arabic numbers and Renaissance -all of these with their respective participants during periods when the risk was more considered as a mathematical-fixed-and-certainly-probable-occurrence. After that, it talks about the subjective nature of man which started to be included in the equation during the Enlightenment, the XIX century, till the XX century when WWI changed the fact that reality was not anymore something static and where the “uncertainty” term was already universal. Keynes, Von Neumann and Morgenstern, Markowitz, Black and Scholes and Merton, are some of the contributors to the topic explained in the last chapters, ending with derivatives and some mentions of new trends as chaos theory, neural networks, and genetic algorithms, in order to place us in the context of how risk is perceived in our time.
Against the Gods The Remarkable Story of Risk by Peter L. Bernstein PDF : eBook Information
- Full Book Name – Against the Gods The Remarkable Story of Risk
- Author of this Book – Peter L. Bernstein
- Language – English
- Book Genre – Non Fiction, History, Economics, Finance, Business
- Download Format – PDF
- Size – 93 KB
- eBook Pages –11
- Price – Free