The Psychology of Risk: Mastering Market Uncertainty

by Ari Kiev

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 How much should I trade? How much risk can I handle? and When should I get out?

Genres: Finance, Business, Psychology

304 pages, Hardcover

First published April 19, 2002

Reviews

[James · Rating 5 out of 5]

There aren't many useful books about trading since you know "those who can't do, teach"

But this book was actually really impressive. Great read if one intends to become a trader.

[Satyendra kumar]

it really tells traders things which they feel but never ever have been able to identify.psychological handicaps in life are the same in all spheres of life,only the environment changes.
a really perceptive book and an outstanding read for traders

[Albert · Rating 4 out of 5]

So far what I can say about this book: it's clearly written, though, like a lot of books in this genre, it's repetitive; it's insightful; and the author, since he's a psychiatrist, can actually talk about psychology with more authority than Mark Douglas.