Remembering Why We Care About Model Risk

Remembering Why We Care About Model Risk

Case studies for model error events are difficult to come by. The errors we have found in models remain confidential and discussing errors in general does not have the same impact of an actual case study. I have looked through the public realm for case studies that...
Managing Risk in a Statistically Noisy World

Managing Risk in a Statistically Noisy World

We are bombarded with statistics every day. If you turn on the news (not always recommended) you will hear about the unemployment rate, the stock market, COVID-19, the election, etc… And at work, we have statistics coming at us from all sides. Is a customer a money...
The Impact of Risk Memory Decay

The Impact of Risk Memory Decay

How long do you remember risk events?   Why don’t we (collectively) learn from the past? Why do we dismantle programs and safeguards as we move further away from the risk event? Why do we make statements like, “I’ve never experienced this before”, or “This has...