The Psychology of Risk
：Mastering Market Uncertainty
( Wiley Trading )
Publication subTitle ：Mastering Market Uncertainty
Publication series ：Wiley Trading
Author： Ari Kiev
Publisher： John Wiley & Sons Inc
Publication year： 2003
E-ISBN: 9780471463184
P-ISBN(Hardback): 9780471403876
Subject： F830.59 Investment
Language： ENG
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Description
One of the financial world's most respected experts on the psychology of risk provides a revolutionary risk management model
Over the past three decades investors have adopted all varieties of complex quantitative systems for quantifying and managing risk. Yet, sophisticated investors and money managers continue to suffer record losses in today's increasingly volatile markets. This book bridges the gap between investor psychology and quantitative risk management with a revolutionary risk management program that virtually any trader or investor can easily adapt to their goals and personalities. Using numerous fascinating real-life case studies, Dr. Kiev illustrates the various psychological and emotional traps to which even the savviest investors can fall victim. He develops a dynamic new risk management model that combines quantitative models and money management techniques. He also provides rigorous guidelines that will help readers answer such crucial questions as: How much should I trade? How much risk can I handle? and When should I get out?
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