Hi all,
I want to learn more about risk management, especially the difficulty of meaningfully preparing for low-probability + worst-case outcomes. Do y’all have any book or essay recs? I suspect most of these will be explicitly about x-risk. That’s fine, but I’m also interested in foundational RM works not about x-risk.
I realize this is a vague request; vague recs are more than welcome. Thanks!
If we’re talking about financial risk, I enjoyed Deep Risk, a short book by William Bernstein.
Try this textbook: Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management. I haven’t read it yet, but it is on my to-read list.
There’s much thought in finance about this. Some general books are:
Options, Futures, and Other Derivatives
Principles of Corporate Finance
And more particularly, The Black Swan: The Impact of the Highly Improbable, along with other stuff by Taleb (this is kind-of his whole thing).