@LONGCONVEXITY We wrote about just this sort of thing just after the EZ crisis. Most models use Probability and thus fail when you can't EVEN put a probability on outcomes. These fringe cases are where uncertainty comes in. Managing Uncertainty, Mitigating
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RT @firoozye: Managing Uncertainty, Mitigating Risk - Tackling the Unknown in Fin Risk Mgt | Firoozye-Ariff |Palgrave Macmillan https://t.c…
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RT @firoozye: Managing Uncertainty, Mitigating Risk - Tackling the Unknown in Fin Risk Mgt | Firoozye-Ariff |Palgrave Macmillan https://t.c…
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RT @h_nakagawa: 今日教えていただいたテキスト Managing Uncertainty, Mitigating Risk https://t.co/wU7zOrbSid