Challenges in applying risk management concepts in practice: A perspective
A Hofmann, NA Scordis - Risk Management and Insurance …, 2018 - Wiley Online Library
The existing concepts of risk management face challenges when applied in practice. The
perception of risk depends on the observer's cognitive biases and worldview, which nuance …
perception of risk depends on the observer's cognitive biases and worldview, which nuance …
How banks and other financial institutions think
M Thompson - British Actuarial Journal, 2018 - cambridge.org
Conventional diagnoses of the 2007/8 Global Financial Crisis see it as “abnormal”, and then
resort to explanations in terms of “irrational exuberance”,“animal spirits”,“herding behaviour” …
resort to explanations in terms of “irrational exuberance”,“animal spirits”,“herding behaviour” …
Modeling the Variety of Decision Making
MB Beck, D Ingram, M Thompson - 2021 - pure.iiasa.ac.at
Static or deterministic actuarial models work with a single set of assumptions for all of the
variables in the model. Most commonly, those assumptions might be selected to be the most …
variables in the model. Most commonly, those assumptions might be selected to be the most …