Why is Resilience (in economics) such a difficult concept to grasp?
Resilience, put in layman’s terms, is the capacity to withstand shocks, or impacts. For an engineers it a very usefulContinue Reading
Tag: Complexity
How To Avoid the Next (Worse) Crisis. Democratize Ratings.
Much has been written about the global economic crisis, its causes and its consequences. We could say that to aContinue Reading
Can Simulation Technology Really Help Companies Do Business?
For someone who has been doing simulation for the last 30 years it is not easy to say no. LargeContinue Reading
In Math We Trust. That is Precisely the Problem.
The economy is a dynamic system which is far too complex for us to understand. Human nature is extremely complexContinue Reading
Ratings – From an Opinion to Science
In January 2011 The Financial Crisis Inquiry Committee claimed that “The three credit rating agencies were key enablers of theContinue Reading
Traditional Ratings, Traditional Risk Management: Is it Over?
“.. the effective management of risk is one of the core strengths that has made Lehman Brothers so successful”Continue Reading
The Present and Future of the Concept and Value of Ratings
“Rating agencies? Do not speak evil of the dead” (Corriere della Sera, 15/1/2009). This is an extreme synthesis of theContinue Reading
Conventional Ratings: Why The Abysmal Performance?
Why are ratings so unreliable? In a recent article which appeared on 19-th July, 2012 on Thomson Reuters News &Continue Reading
Beyond Credit Rating Agencies: A New Post-Crisis Rating System
Avoiding the next financial crisis may not be easy but if there is one factor that may potentially contribute toContinue Reading
Beyond the concepts of Risk and Risk Management
The current economic crisis indicates that conventional risk assessment, rating and management techniques don’t perform well in a turbulent andContinue Reading
Artificial Intuition 