The Poker Face of Wall Street - Softcover

Brown, Aaron

Softcover

ISBN 10: 0470127317 ISBN 13: 9780470127315

Publisher: Wiley, 2007

Synopsis

Wall Street is where poker and modern finance?and the theory behind these "games"?clash head on. In both worlds, real risk means real money is made or lost in a heart beat, and neither camp is always rational with the risk it takes. As a result, business and financial professionals who want to use poker insights to improve their job performance will find this entertaining book a "must read." So will poker players searching for an edge in applying the insights of risk-takers on Wall Street.

About this title

From the Inside Flap

Although you probably don't want to think of your broker or investment bank as playing games with your hard-earned money, the fact is that gambling lies at the heart of economic ideas and institutions. Not surprisingly, the game most like the financial markets-- poker-- is hugely popular with financial professionals.

Financial professional and lifelong poker player Aaron Brown knows how fine the line is between risk-taking and ruin. Now, in The Poker Face of Wall Street, Brown enlightens and bedazzles serious risk-takers about the odds and skills underlying their mercurial crafts and shows how the cultures of poker and Wall Street are so easily intertwined. Whether you're walking the walk on Wall Street or talking the talk on the Vegas Strip, this entertaining book reveals why the modern game of poker and modern finance have more similarities than differences, and what those similarities mean for players at each kind of table.

The Poker Face of Wall Street also: Delves into the psychology of finance and the economics of poker Explores some of the cutting-edge work being done in these fields and some of the dangerous nonsense to avoid Reveals how America's passion for gamblingat poker and in the markets has shaped the country's economic success and national character Includes author flashbacks in which Brown candidly recalls his triumphs and disasters in high-stakes finance and poker

The Poker Face of Wall Street is a one-of-a-kind book that will show you the real meaning of risk and reward. Financial professionals who want to use poker insights to improve their job performance will find this entertaining book a must-read, as will poker players searching for an edge byapplying the insights of risk-takers on Wall Street.

From the Back Cover

Praise for The Poker Face of Wall Street

"Playing high-level poker, trading options, marketing bonds, and being a professor of finance―Aaron Brown has done them all."
―Edward O. Thorp, author of Beat the Dealer: A Winning Strategy for the Game of Twenty-One and Beat the Market: A Scientific Stock Market System

"The first attempt to help individual investors profit from a better understanding of the art of gambling. There may be few individuals better suited to take on such a controversial argument with such authority."
―Stephen Schurr, Financial Times

"Brown's model is instantly graspable, but contrary to the conventional wisdom on both economics and gambling."
―Publishers Weekly

"The author provides investment professionals an immensely valuable benefit by challenging them to consider familiar issues from new angles. His book is not only entertaining, but also full of provocative ideas that merit lengthy and serious engagement."
―Martin Fridson, Financial Analysts Journal

"How to be a poker pro and much more . . . a delightful journey through risk concepts with a Wall Street derivatives trader. A great read and a good manual for understanding risk."
―Dr. William T. Ziemba, University of British Columbia, Vancouver

About this edition

• Publisher: Wiley
• Publication date: 2007
• ISBN 10: 0470127317
• ISBN 13: 9780470127315
• Binding: Paperback
• Edition number: 1
• Number of pages: 368