The Poker Face of Wall Street - Hardcover

Aaron Brown

Hardcover

ISBN 10: 0471770574 ISBN 13: 9780471770572

Publisher: Wiley, 2006

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 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. He shares with us the insights each of these has given him about the others and the lessons he's learned about life. From John Law to Fischer Black, I enjoyed the characters and the anecdotes."
—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

"How to be a poker pro and much more . . . a delightful journey through risk concepts with a Wall Street derivatives trader. Brown uses poker concepts as a wonderful metaphor for investment and living life. His enthusiasm for grasping the brass ring of adventure while explaining the role of 'incalculable risk' draws one into the experience of the book. A great read and a good manual for understanding risk."
—Dr. William T. Ziemba, Alumni Professor of Financial Modeling and Stochastic Optimization Emeritus), Sauder School of Business, University of British Columbia, Vancouver

"Make no mistake, this is a book about economic development as much as poker, and it tells how to win at both gambling games. Experienced poker players and economists will both look at the world with new eyes after hearing what Aaron Brown has to say."
—Perry Mehrling, Professor of Economics at Barnard College of Columbia University author of Fischer Black and the Revolutionary Idea of Finance

"The Poker Face of Wall Street is packed with useful information about gambling, the life on Wall Street, poker culture, and some of the most interesting people involved in gambling. The book is a great mix of entertaining and nontraditional thinking."
—Espen Gaarder Haug, Trader, JPMorgan author of The Complete Guide to Option Pricing Formulas

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 by applying the insights of risk-takers on Wall Street.

About this edition

• Publisher: Wiley
• Publication date: 2006
• ISBN 10: 0471770574
• ISBN 13: 9780471770572
• Binding: Hardcover
• Edition number: 1
• Number of pages: 368