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Appropriate Use of Risk

Appropriate Use of Risk

Posted: June 16, 2011

Medieval mapmakers often noted the risk of an unknown kind by the notation “here be dragons”. Attempts at controlling extreme risk should come with a similar warning. Just like the sailors of yesteryear, financial institutions will go into unknown territories and, just like the map makers of that era, modern risk modellers have very little to say.

Git Sum (un)common sense,

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© 2011 · Rho Lall