Book notes: The illusion of control, by Jon Danielsson
Jon Danielsson’s book makes a compelling case for a serious rethink on financial crises and risk management
Jon Danielsson, The illusion of control: why financial crises happen, and what we can (and can’t) do about it, Yale University Press, 2022, 276 pages
In this book, Jon Danielsson, professor of finance and director of the Systemic Risk Centre at the London School of Economics, draws on historical episodes of financial crises to try to determine why they keep occurring, how difficult it is to anticipate them and what can be done about it. It concluded that very significant improvements in
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