The Evolution of Risk Management: Decision Science and Pre..

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The Evolution of Risk Management: Decision Science and Predictive Analytics

Since the beginning of the “Great Recession of 2008” industry pundits from news media,
government, finance, and financial services have criticized the failings of risk management
practices at major Wall Street financial firms. Critics have pointed out the fallacy of
assumptions used by risk management and business professionals to model risk and avoid the Black Swans that threatened the existence of economic life as we know it.

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