“All truths are easy to understand once they are discovered: the point is to discover them” Galileo Galilei

In August 2014, the book Head or Tails was included in the YBP eBook Best Seller list. YBP is a bookseller for academic libraries, part of Baker & Taylor, the world’s largest distributor of physical and digital books to libraries and retailers.


The book “Heads or Tails: Financial Disaster, Risk Management and Survival Strategy the World of Extreme Risk” (Gower Publishing, ISBN: 978-1-4094-6073-2) answers the central question which has arisen post-global financial crisis: what changes should financial institutions undergo in order to be able to provide reliable protection against systemic and extreme risks? The book describes practical solutions for building a robust risk management focusing on extreme risk. The framework is designed to help address the tail risk during different stages of its development. The proposed solutions do not target specific extreme risk scenarios but allow mitigating extreme risk events in general, even if the event stems from ‘unknown unknowns’. While the contexts of the book is financial service, the book contains an important message for specialists from any industry and business exposed to the extreme risks.

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Heads or Tails: Reviews

‘Risk managers that want to survive the next ice age in the financial system must read this book’

Mark Zandi, Chief Economist of Moody’s Analytics, cofounder of Economy.com and advisor to US policymakers

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About the Author

Dr Evgueni Ivantsov is an internationally-recognised specialist in risk management. He is a Chairman of the European Risk Management Council, a think tank of risk executives from leading financial institutions and industrial companies operating in Europe. He is also a member of the Advisory Group on Global Risks of the World Economic Forum …

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