21st Century Economics provides an overview of contemporary economic theories and practices, relevant to understanding and managing risk in modern financial systems. Further reading 21st Century Economics - Springer
Artificial Intelligence: A Modern Approach by Stuart Russell and Peter Norvig is a textbook that covers the theory and practice of artificial intelligence (AI). Originally published in 1995, the latest version is widely used in academic courses and is considered a leading resource in the field of AI. The book provides an in-depth exploration of various AI techniques, including machine learning, search algorithms, and natural language processing, making it an essential read for anyone interested in understanding the fundamentals and advancements in artificial intelligence. ...
First published in 1993, this classic book is now into its Fourth Edition. Financial Shenanigans is an essential read to understand how companies can manipulate their financial reports through accounting gimmicks, and how to detect it. The book will equip you better to detect fraud, avoid bad investments and notice where a company's real financial position may be misrepresented. Perfect for auditors, investors, and finance professionals. ...
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Flow: The Psychology of Optimal Experience by Mihaly Csikszentmihalyi explores people who can achieve deep focus and concentration, leading to a state of optimal experience where work and play become intrinsically rewarding. Rooted in positive psychology, the book explains how intrinsic motivation and structured challenges create high performance and creativity. Csikszentmihalyi argues that true happiness comes from engaging in meaningful activities that stretch our abilities, rather than passive leisure. ...
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Edgar Schein’s Humble Consulting (2016) sets out an approach to consulting and advisory work that emphasises relationships, trust, and adaptive problem-solving - instead of the usual expert-driven consulting. Schein argues that in complex, fast-changing environments, consultants must move beyond offering predefined solutions and instead engage in ongoing, collaborative inquiry with clients. For risk consultants, this can be a useful approach. Managing risk involves navigating a myriad of uncertainties, as well as hard-to-understand organisational dynamics (and politics), all against the backdrop of a changing threat landscape. As ‘Humble Consultants’, risk professionals can foster deeper client trust, uncover hidden risks, and develop tailored, sustainable solutions that address not just technical challenges but also cultural and leadership dynamics with their organisations. ...
Management Control Systems (2003, 2017, 2023); by Kenneth Merchant, Wim Van der Stede; Amazon Reference from LSE, included in 21st Century Economics - Economic Ideas You Should Read and Remember quotes In a nutshell, Merchant’s and Van der Stede’s idea is brilliantly clear-cut. First, management control problems regarding a firm’s given strategy are identified: Is the desired employee behavior also the most likely one? If not, any reason for behavioral deviations is then decomposed into three roots: ...
Further reading: FAIR
Micromotives and Macrobehavior by Thomas C. Schelling examines how individual choices and actions (micromotives) can aggregate into large-scale social patterns and outcomes (macrobehavior), often with unintended or surprising consequences. Further reading Book review - Goodreads
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