Modern computing power enabled the quantification of risk. The entire financial ecosystem was obsessed with the numbers captured and crunched — to the point that risk itself became the thing to make money on.
How come the numbers that were supposed to make everyone safer failed? And failed so spectacularly?
How do we integrate human judgement into risk assessment? What are the other management areas that must integrate human judgement so we could avoid a similar catastrophe in future?
First posted in WordPress on December 26, 2008
How come the numbers that were supposed to make everyone safer failed? And failed so spectacularly?
How do we integrate human judgement into risk assessment? What are the other management areas that must integrate human judgement so we could avoid a similar catastrophe in future?
First posted in WordPress on December 26, 2008