This revolutionary work taught the world how to systematically distinguish between risk -- randomness with knowable probabilities -- and uncertainty -- randomness with unknowable probabilities -- in order to accurately and properly ascertain a venture's potential profitability. Knight's methodology served as the foundation of the Chicago School of Economics.

This book presents the Clarendon Lectures in Finance by one of the leading exponents of financial booms and crises. Hyun Song Shin's work has shed light on the recent global financial crisis and he has been a central figure in the policy debates. The paradox of the global financial crisis is that it erupted in an era when risk management was at the core of the management of the...(展开全部)

Named a Best Book of the Year by Forbes and The Economist From our "greatest living statistical communicator" (Tim Harford) comes an invaluable, data-driven guide for understanding―and learning to embrace―risk and uncertainty in our daily lives. How dangerous is our diet? How much of sports falls into the realm of luck? When authorities categorize a given event as “highly likel...(展开全部)

From our “greatest living statistical communicator” (Tim Harford) comes an invaluable, data-driven guide for understanding―and learning to embrace―risk and uncertainty in our daily lives. How dangerous is our diet? How much of sports falls into the realm of luck? When authorities categorize a given event as “highly likely”―how likely is that, really? Whether we’re trying to dec...(展开全部)

This encyclopedic, detailed exposition spans all the steps of one-period allocation from the foundations to the most advanced developments. Multivariate estimation methods are analyzed in depth, including non-parametric, maximum-likelihood under non-normal hypotheses, shrinkage, robust, and very general Bayesian techniques. Evaluation methods such as stochastic dominance, expec...(展开全部)

The more precisely the position is determined, the less precisely the momentum is known in this instant, and vice versa. —Werner Heisenberg That God would choose to play dice with the world is something I cannot believe. —Albert Einstein Nothing exists until it is measured. —Neils Bohr The remarkable story of a startling scientific idea that ignited a battle among the ...(展开全部)

The thirty five chapters in this book describe various judgmental heuristics and the biases they produce, not only in laboratory experiments but in important social, medical, and political situations as well. Individual chapters discuss the representativeness and availability heuristics, problems in judging covariation and control, overconfidence, multistage inference, social p...(展开全部)

The Economics of Uncertainty and Information may be used in conjunction with Loffont's Fundamentals of Economics in an advanced course in microeconomics. Both texts provide a thorough account of modern thinking on the subject and a wealth of carefully chosen examples and problems.The first four chapters of The Economics of Uncertainty and Information summarize the essential too...(展开全部)

I wanted a text that would bring together the ideas behind many of the more recent distributed systems - systems such as Amazon's Dynamo, Google's BigTable and MapReduce, Apache's Hadoop and so on. In this text I've tried to provide a more accessible introduction to distributed systems. To me, that means two things: introducing the key concepts that you will need in order to ha...(展开全部)

I wanted a text that would bring together the ideas behind many of the more recent distributed systems - systems such as Amazon's Dynamo, Google's BigTable and MapReduce, Apache's Hadoop and so on. In this text I've tried to provide a more accessible introduction to distributed systems. To me, that means two things: introducing the key concepts that you will need in order to ha...(展开全部)