{"product_id":"the-illusion-of-control-by-jon-danielsson-9780300234817","title":"The Illusion of Control","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cem\u003eThe Illusion of Control\u003c\/em\u003e challenges the conventional wisdom surrounding financial risk, offering insight into why easy solutions to control the financial system are doomed to fail.\u003c\/p\u003e\n\n\u003cp\u003eFinance brings both prosperity and danger. We use measurements of risk to try and control the dangers of investments while maximising our growth. Current strategies rely on mathematical techniques and historical data to predict future risk but often ignore the human component, failing to account for the nature of risk inherent in the system.\u003c\/p\u003e\n\n\u003cp\u003eJón 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. Furthermore, he suggests that the likely consequences of new regulations might help alleviate small-scale risks but, perversely, encourage excessive risk taking.\u003c\/p\u003e\n\n\u003cp\u003eDaníelsson uses lessons from past and recent crises to demonstrate that diversity is the best way to safeguard our financial system.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47000788074732,"sku":"9780300234817","price":59.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/24345913482294.jpg?v=1763304883","url":"https:\/\/bookhero.live\/products\/the-illusion-of-control-by-jon-danielsson-9780300234817","provider":"Book Hero","version":"1.0","type":"link"}