A more realistic look at risk
The University of California’s Rick Bookstaber argues that risk management should move from static equations to more realistic models in which outcomes depend on multiple agents.
The University of California’s Rick Bookstaber argues that risk management should move from static equations to more realistic models in which outcomes depend on multiple agents.
UC Regents’ Risk Management 3.0 aims to be a better predictor of financial crises, by going beyond historical trends and stress testing, to look at how people and systems behave under pressure.
FIS MIT 2017