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General Risk
The Emperor has no Clothes: Limits to Risk Modelling
Jon Danıelsson, LSE, 2001. This paper considers the properties of risk measures, primarily Value–at-Risk (VaR), from both internal and external (regulatory) points of view. It is argu...
From: lukeo
A Risk Analysis of Risk Analysis
Professor Lund of USC Davis gives a critque of why Probabilistic Risk Assessment (PRA) is not used so often in practice, though it is theoretically strong.
From: lukeo
Benefit-cost Analysis Guide, Canadian Government, 1998
A 93-page document on analytical methods for assessing and evaluating decisions.
From: lukeo
Probable Maximm Loss (PML) for Natural Catastrophies, Gordon Woo, 2002
An excellent paper by Gordon Woo tracing the development of measures for Probable Maximum Loss from rules-of-thumb to simulation.
From: lukeo
Risk Assessment of the GPS Service, April 2009
This April 2009 report from the US Government Accountability Office (GAO) describes the risk to service degradation in GPS in the next few years.
From: lukeo
What Led to the Financial Meltdown?
A great article from Joe Nocera of the NYT on the failure of formal risk management methods in the Sub-prime Crisis (Jan 2009)
From: lukeo
A Hazard Model for Tornado occurrence in the US
A paper on Monte Carlo (MC) modeling of tornado occurrence in the US. The paper shows how to work through from data, to modeling via MC to produce results.
From: lukeo
Beyond Box Ticking - a new era for risk governance
Nov 2009 report from the Economist Intelligence Unit.
From: lukeo
Risk Perception and Communication by Julie Downs
The author discusses how people filter risk information to form opinions, and what biasses exist.
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Mastering the Risk Reward Equation
Recommendations from Global 1000 Executives conducted by RSA.
From: lukeo
World Economic Forum Global Risk Report 2009
Global Risks 2009 looks at the risks, economic and other, that could emerge as the financial crisis continues to unfold. The report considers the implications of a sudden drop in China’s ...
From: lukeo
Six Risk Management Myths
A nice one-page summary graphic from Corporate Exec Board on misconceptions in risk management.
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Dealing with the Unexpected - Lessons for risk managers from the credit crisis
A review of the unexpected issues that arose in the recent credit crisis from the global insurer Zurich Financial Services.
From: lukeo
