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.

Author: Malashicage Tolkree
Country: Turkmenistan
Language: English (Spanish)
Genre: Finance
Published (Last): 6 November 2017
Pages: 384
PDF File Size: 11.2 Mb
ePub File Size: 7.54 Mb
ISBN: 130-1-20154-951-1
Downloads: 8647
Price: Free* [*Free Regsitration Required]
Uploader: Duzahn

How to write a great review.

Finally, some of the arguments flyinng are made in the book do not have credibility in their details. It’s tough to model human action. In Social science, regularity and universality do not exist.

Knowns and unknowns in the dazzling world of derivatives Revised edition Financial Times Series. Many times, it’s the quantitative models that hedge funds and investment banks use and regulators and rating agencies embrace that lead to market implosions.

I often wondered if Pablo didn’t take a thesaurus, and just grab the longest synonyms listed without understanding the subt This book is a roller-coaster of a read. The lecturinng “perfect storm” alibi may be a facade. I’d get a refund if I could.

Pabblo – that’s how misleading an introduction is. A must read for anyone who views mathematics as the highest form of science! Apparently folk wisdom and “commonsense” can “untangle” the “conundrums” of the financial markets.

It’s the incentives, stupid. For some, they’ve managed to “collapse” theory into practice. Once upon a time at MIT. Some say this book is poorly written.

Triana concludes with an in-depth discussion of the mostsignificant historical episodes of theory-caused real-life marketmalaise, with a strong emphasis on the current credit crisis. Brids give little regards to the objects we apply mathematics to. Learn more about Amazon Giveaway.


Customers who viewed this item also viewed.

Lecturing Birds on Flying Audiobook | Pablo Triana |

Triana is also the author of Corporate Derivatives. Alexa Actionable Analytics for the Web. Why have both financial flyibg traders, risk managers, executives and outsiders academics, journalists, regulators, the public consistently demonstrated a willingness to treat quantifications as gospel?

On the whole, this is a goodread.

He shows that the markets indeed cannot be tamed with equations, presenting a long and powerful list of obstacles to prove hispoint: At times, the book is deliberately incendiary. He details how the field of financial economics evolved from a descriptive discipline to an abstract one dedicated to technically concocting professors’ own versions of how such a world should work.

You are currently using the site but have requested a page in the site.

Follow the Author

His criticism of VaR is valuable, but his dry writing style is without question an obstacle against the reader’s flyinb of the book. We appreciate your feedback. In this rambling overview, Triana also refers to some of his own previous analyses. ComiXology Thousands of Digital Comics.

Lecturing Birds on Flying: How Financial Practice Differs from Theory

Check out it’s reviews If only the bankers had heeded this message a few years before, we might not be in such a big mess today. Published June brids by Wiley first published January 1st An important addition to our deeper understanding of howfinance must be reformed.

Lecturlng the time he has finished marshalling his evidence, his call to replace complex equations with something more like common sense sounds like, well, common sense. This is not true, as research into cognitive neuroscience will reveal.


By the time he has finished marshalling hisevidence, his call to replace complex equations with something morelike common sense sounds like, well, common sense. Iurii rated it really liked it Nov 22, It should, by rights, spark a revolution in both investment banks and business schools.

Tracking a true culprit. I know that Taleb hates editors and shuns proofreaders. An end to indoctrination. Description An intriguing look at how financial models have repeatedly failed our markets, including now Leading and contrarian thinkers have been talking for years about the conflicts between theoretical and real finance.

Sure, many of us feel that we have heard enough on this topic-do we really need another book about the financial mess and how it all began? Not much that’s really original or thought through flykng I saw, though I admit I only read it spottily.

Social objects such as finance, economics we treat the same as physical objects such as lecturinb and chemicals. Abhijith Budur rated it it was ok Feb 22, This book was obviously not edited at all. If only the bankers had heededthis message a few years before, we might not be in such a big messtoday. Dan Boles rated it it was amazing Jul 18, If that doesn’t work, there may be a network issue, and you can use our self test page to see what’s preventing the page from loading.