In 1946, mathematicians at Los Alamos developed Monte Carlo simulation to model nuclear reactions under uncertainty. By the 1990s, sophisticated mathematical approaches to risk helped win Nobel Prizes and generate billions in financial markets. In 1998, Long-Term Capital Management (LTCM) showed us the limitations of risk models. Today? Many organizations have reduced risk management to… Continue reading How risk management turned into a meaningless ritual
Tag: RISK AWARENESS WEEK 2024
100 AI strategies that will transform your risk taking skills
We’ve hit an exciting milestone with the first 100 registrations for RISK AWARENESS WEEK 2024! To me, each registration represents a commitment to advancing risk management and decision-making . And to celebrate, I have prepared 100 ideas AI can transform your company and personal decision making. That’s right. A hundred ideas. Not bs, generic AI-generated… Continue reading 100 AI strategies that will transform your risk taking skills
How AI is hijacking risk management jobs
Imagine you are building a world class risk management team for a non-financial company, who would you hire? In my risk management team I need a researcher, a decision analyst, a quant and a culture ambassador. The researcher I need someone to spend time scouring through reports, news articles, and regulatory updates to identify emerging… Continue reading How AI is hijacking risk management jobs
