diff --git a/new-additions/1752260155-JUEH.md b/new-additions/1752260155-JUEH.md new file mode 100644 index 0000000..f711610 --- /dev/null +++ b/new-additions/1752260155-JUEH.md @@ -0,0 +1,8 @@ +--- +id: 1752260155-JUEH +aliases: + - "!example" +tags: [] +--- + +# !example diff --git a/new-additions/the-failure-of-risk-management.md b/new-additions/the-failure-of-risk-management.md index 985f487..db88ef6 100644 --- a/new-additions/the-failure-of-risk-management.md +++ b/new-additions/the-failure-of-risk-management.md @@ -1,3 +1,9 @@ +--- +id: the-failure-of-risk-management +aliases: [] +tags: [] +--- + # *The Failure of Risk Management* The Failure of Risk Management @@ -38,6 +44,13 @@ It describes the process of "calibration" by which people can be trained to compensate for this bias and make predictions far more accurately. +Experts tend to be good at creating heuristics, +but do not apply them consistently in practice. + +> [!example] +> Chapter 7 describes a study where experts +> were shown to estimate risk differently for identical cases. + ## Mentioned Topics and Abbreviations * Analytic Hierarchy Process (AHP) @@ -49,3 +62,4 @@ and make predictions far more accurately. * Value at Risk (VaR) * Loss-Exceedance Curve (LEC) * Risk Tolerance +