Comments on: Against the Gods: The Remarkable Story of Risk http://www.emedical-software.com/against-the-gods-the-remarkable-story-of-risk.html Download Free Medical Software Sat, 30 Apr 2011 04:38:56 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Anonymous http://www.emedical-software.com/against-the-gods-the-remarkable-story-of-risk.html/comment-page-1#comment-5499 Anonymous Fri, 30 Jul 2010 09:37:40 +0000 http://www.emedical-software.com/against-the-gods-the-remarkable-story-of-risk.html#comment-5499 Peter Bernstein's Against the Gods is a highly informative and entertaining, tells the story of risk. Through the course of the book, he explains the basic concepts of risk management in an informal, yet highly effective manner. He delves into the human aspect quite a bit, we are dedicated to the trials and tribulations of this brilliant man who first pioneered the ideas behind chance and risk. <p> The primary purpose of Against the Gods is not one as an introduction to risk management. buy for those who will find in this book, how you be disappointed. Instead, this is a great primer on risks and their history, that the interest of any person who has had little formal background pique, in the science of risk management. The main strength of Against the Gods is its startling clarity that are not not at the expense of comprehensibility. Bernstein assumes no prior experience with mathematics or risk management. It is this accessibility that should the first book on the risk of making you buy. <p> summary, I recommend this to anyone who has at least a little interest in chance or risk. submitted for those with experience in risk management, the history of the risk in Against the Gods is still very interesting. However, do not expect the ideas to be new. Rating: 5.5 Peter Bernstein’s Against the Gods is a highly informative and entertaining, tells the story of risk. Through the course of the book, he explains the basic concepts of risk management in an informal, yet highly effective manner. He delves into the human aspect quite a bit, we are dedicated to the trials and tribulations of this brilliant man who first pioneered the ideas behind chance and risk.

The primary purpose of Against the Gods is not one as an introduction to risk management. buy for those who will find in this book, how you be disappointed. Instead, this is a great primer on risks and their history, that the interest of any person who has had little formal background pique, in the science of risk management. The main strength of Against the Gods is its startling clarity that are not not at the expense of comprehensibility. Bernstein assumes no prior experience with mathematics or risk management. It is this accessibility that should the first book on the risk of making you buy.

summary, I recommend this to anyone who has at least a little interest in chance or risk. submitted for those with experience in risk management, the history of the risk in Against the Gods is still very interesting. However, do not expect the ideas to be new.
Rating: 5.5

]]> By: J. G. Heiser http://www.emedical-software.com/against-the-gods-the-remarkable-story-of-risk.html/comment-page-1#comment-5498 J. G. Heiser Fri, 30 Jul 2010 08:30:34 +0000 http://www.emedical-software.com/against-the-gods-the-remarkable-story-of-risk.html#comment-5498 The book was interesting in several respects. The central idea of the author, that a mature concept of risk management is a prerequisite for modern civilization, is intriguing but not fully supported by his book. After his studies in Finance Business School, it was interesting for me to learn a little of the history behind contemporary thinking on financial risk management (in other words, he explains, the discovered and popularized the alpha / beta thing). <p> Towards the end of the book, he began to touch only on some of the non-rational aspects of behavior in people, and I wish he would have gone deeper. Some of the most interesting work in economics is done today with the radical assumption that human behavior is driven more by emotion than by reason. Why do people make ill-considered decisions about risk? Not really answered in this book. <p> The book is almost completely oriented financial risk, and do not really look to other forms of risk management. Although the writing style is the inclusion - this is not dry - there are some structural problems. The author wanders around a little, and sometimes takes ideas and personalities, without ever explaining why. <p> It is important to note that this is treated as a "story" of the historian-view, and not as a textbook. In this way, it is true to its title. The book cover makes no claims for it as an intellectual or academic treatment of the topic, which makes a very accessible book. It is not deep, and it is only slightly informative, but outside of the little annoyances outline some weaknesses, I enjoyed reading it. Rating: 5.3 The book was interesting in several respects. The central idea of the author, that a mature concept of risk management is a prerequisite for modern civilization, is intriguing but not fully supported by his book. After his studies in Finance Business School, it was interesting for me to learn a little of the history behind contemporary thinking on financial risk management (in other words, he explains, the discovered and popularized the alpha / beta thing).

Towards the end of the book, he began to touch only on some of the non-rational aspects of behavior in people, and I wish he would have gone deeper. Some of the most interesting work in economics is done today with the radical assumption that human behavior is driven more by emotion than by reason. Why do people make ill-considered decisions about risk? Not really answered in this book.

The book is almost completely oriented financial risk, and do not really look to other forms of risk management. Although the writing style is the inclusion – this is not dry – there are some structural problems. The author wanders around a little, and sometimes takes ideas and personalities, without ever explaining why.

It is important to note that this is treated as a “story” of the historian-view, and not as a textbook. In this way, it is true to its title. The book cover makes no claims for it as an intellectual or academic treatment of the topic, which makes a very accessible book. It is not deep, and it is only slightly informative, but outside of the little annoyances outline some weaknesses, I enjoyed reading it.
Rating: 5.3

]]> By: Anonymous http://www.emedical-software.com/against-the-gods-the-remarkable-story-of-risk.html/comment-page-1#comment-5497 Anonymous Fri, 30 Jul 2010 07:17:15 +0000 http://www.emedical-software.com/against-the-gods-the-remarkable-story-of-risk.html#comment-5497 The book is a rather interesting history of the mathematical analysis of risk. Bernstein describes the development of probability theory and statistical analysis and even some of the modern portfolio theory underlying concepts. However, I was overall disappointed. The cover and title misled me --- I was a story of hope, as the understanding of risk and the development of analytical tools for the development of insurance markets, etc. held and fundamentally changed how businesses operated in view of the uncertainty. If a shipper could insure his cargo, instead of just waiting for bad news, how did this change the world? I want to know! Instead, I got to think about who discovered the bell curve read. I am trained in a mathematical field, so I felt the discussion was a bit boring. <p> I felt overall that the discussion was more to explain the math in layman's terms as the study of the impact of these developments, as do the people and businesses to make decisions. Rating: 5.3 The book is a rather interesting history of the mathematical analysis of risk. Bernstein describes the development of probability theory and statistical analysis and even some of the modern portfolio theory underlying concepts. However, I was overall disappointed. The cover and title misled me — I was a story of hope, as the understanding of risk and the development of analytical tools for the development of insurance markets, etc. held and fundamentally changed how businesses operated in view of the uncertainty. If a shipper could insure his cargo, instead of just waiting for bad news, how did this change the world? I want to know! Instead, I got to think about who discovered the bell curve read. I am trained in a mathematical field, so I felt the discussion was a bit boring.

I felt overall that the discussion was more to explain the math in layman’s terms as the study of the impact of these developments, as do the people and businesses to make decisions.
Rating: 5.3

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