The Illusion of Control: Why Financial Crises Happen, and What We Can (and Can't) Do about It
**Forthcoming 28 June 2022** Pre-Order Now to reserve a copy! **สั่งจองล่วงหน้าได้เลยเพื่อให้ได้รับอย่างรวดเร็วเมื่อหนังสือออก**
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail.
Jón Daníelsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Daníelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
288 pages, Hardcover, June 2022.
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