{"product_id":"causal-modeling-for-finance-and-business-paperback-by-frank-j-fabozzi-and-sergio-focardi","title":"Causal Modeling for Finance and Business Paperback by Frank J. Fabozzi and Sergio Focardi","description":"\u003cbody\u003e\n                \n                    \n                        \u003ch2\u003e\u003cstrong\u003eProduct Details\u003c\/strong\u003e\u003c\/h2\u003e\n                        \u003cul\u003e\n                            \u003cli\u003e\n\u003cstrong\u003ePublisher\u003c\/strong\u003e: \u003cb\u003eThe MIT Press\u003c\/b\u003e \u003cb\u003e(2026-08-04)\u003c\/b\u003e\n\u003c\/li\u003e\n                            \u003cli\u003e\n\u003cstrong\u003eLanguage\u003c\/strong\u003e: \u003cstrong\u003eEnglish\u003c\/strong\u003e\n\u003c\/li\u003e\n                            \u003cli\u003e\n\u003cstrong\u003ePaperback\u003c\/strong\u003e: \u003cstrong\u003e288\u003c\/strong\u003e \u003cb\u003epages\u003c\/b\u003e\n\u003c\/li\u003e\n                            \u003cli\u003e\n\u003cstrong\u003eISBN-13\u003c\/strong\u003e: \u003cstrong\u003e9780262054270\u003c\/strong\u003e\n\u003c\/li\u003e\n                            \u003cli\u003e\n\u003cstrong\u003eItem Weight\u003c\/strong\u003e: \u003cstrong\u003e436.59\u003c\/strong\u003e \u003cb\u003egrams\u003c\/b\u003e\n\u003c\/li\u003e\n                            \u003cli\u003e\n\u003cstrong\u003eDimensions\u003c\/strong\u003e: \u003cstrong\u003e22.86 x 15.24 x 1.57\u003c\/strong\u003e \u003cb\u003ecm\u003c\/b\u003e\n\u003c\/li\u003e\n                        \u003c\/ul\u003e\n                        \u003cbr\u003e\n                        \u003cp\u003e\u003cb\u003eA comprehensive look at causality’s theoretical and practical aspects in economics and finance.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eIn\u003ci\u003e Causal Modeling for Finance and Business,\u003c\/i\u003e Frank Fabozzi and Sergio Focardi offer a foundation for understanding causal relationships and their importance in complex systems. Topics include the theory of graphs, probabilistic frameworks, structural causal models, algorithms for learning causal structures, and the empirical testing of these models.\u003cbr\u003e\u003cbr\u003eThe book emphasizes applying and deploying causal models in real-world business and investment scenarios. However, it also offers a novel theoretical perspective on causal modeling. Fabozzi and Focardi argue that causation is not a law of nature, but a characteristic of causal systems. If we accept the modern idea of causation as manipulability, causal systems are characterized by causal relationships as well as purely descriptive functional relationships.\u003cbr\u003e\u003cbr\u003eWith these arguments in mind, the book addresses a critical gap in understanding and applying causal reasoning in complex systems. While correlations have often been relied upon in data analysis, decision-making in business and economics demands a deeper understanding of causation and functional relationships to drive actionable outcomes.\u003cbr\u003e\u003cbr\u003eThe book’s objective is to provide a comprehensive resource that bridges foundational theories and practical applications of causal models. By integrating recent advancements in artificial intelligence, probabilistic logic, and graph theory, the authors offer a robust framework for researchers, practitioners, and decision-makers to harness the power of causality in solving intricate problems.\u003c\/p\u003e\n                        \u003ch3\u003e\u003cstrong\u003eAbout the Author\u003c\/strong\u003e\u003c\/h3\u003e\n                        \u003cp\u003eFrank J. Fabozzi is Professor of Practice at Johns Hopkins Carey Business School. He is the author of \u003ci\u003eCapital Markets\u003c\/i\u003e, sixth edition; \u003ci\u003eEntrepreneurial Finance and Accounting for High-Tech Companies\u003c\/i\u003e; and \u003ci\u003eIntroduction to Fixed-Income Analysis and Portfolio Management\u003c\/i\u003e and coauthor of \u003ci\u003eAdaptive Finance\u003c\/i\u003e; \u003ci\u003eThe Economics of FinTech\u003c\/i\u003e; \u003ci\u003eFoundations of Global Financial Markets and Institutions\u003c\/i\u003e, fifth edition; and \u003ci\u003eSimulation, Optimization, and Machine Learning for Finance\u003c\/i\u003e, all published by the MIT Press.\u003cbr\u003e\u003cbr\u003eSergio Focardi is Professor at the University of Genoa, where he teaches risk management and financial engineering. He has taught at EDHEC Business School at Stony Brook University, Princeton University, and Pôle Universitaire Léonard-de-Vinci at Paris la Défense. He is the author or coauthor of 24 books (including \u003ci\u003eAdaptive Finance\u003c\/i\u003e, published by the MIT Press) and more than 100 peer-reviewed papers.\u003c\/p\u003e\n                    \n                \n            \u003c\/body\u003e","brand":"Best Bookstore","offers":[{"title":"New","offer_id":46813156442273,"sku":"BBSNIJ9780262054270","price":71.1,"currency_code":"CAD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0525\/2084\/5473\/files\/9780262054270.jpg?v=1785830441","url":"https:\/\/www.bestbookstore.ca\/products\/causal-modeling-for-finance-and-business-paperback-by-frank-j-fabozzi-and-sergio-focardi","provider":"Best Book Store","version":"1.0","type":"link"}