Lesson 10: Defining the Right Model

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This is the final lesson of our course. We have discussed plenty about the right and wrong models for risk management. But one task remains. We still need to define the right model. Context In Lesson 7 we formally defined the wrong model. I opened that discussion with the following exhibit. It describes decision makers within a company as risk takers. Some make strategic decisions; … Continue reading Lesson 10: Defining the Right Model

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