Nassim Nicholas Taleb

Looking at Black Swans

In the second of a four-part series on the development of risk management, David Rowe considers the phenomenon of high-impact events, or Black Swans

Sponsor's article > Op risk and Black Swans

Scarce data is a well-recognised problem for the assessment of operational risk. In such circumstances, David Rowe argues, it is necessary to blend professional judgement with the available data. In doing so, however, it is crucial to counter some well…