Robust Simulation for Mega Risks is popular PDF and ePub book, written by Craig E. Taylor in 2015-11-11, it is a fantastic choice for those who relish reading online the Nature genre. Let's immerse ourselves in this engaging Nature book by exploring the summary and details provided below. Remember, Robust Simulation for Mega Risks can be Read Online from any device for your convenience.
Robust Simulation for Mega Risks Book PDF Summary
This book introduces a new way of analyzing, measuring and thinking about mega-risks, a “paradigm shift” that moves from single-solutions to multiple competitive solutions and strategies. “Robust simulation” is a statistical approach that demonstrates future risk through simulation of a suite of possible answers. To arrive at this point, the book systematically walks through the historical statistical methods for evaluating risks. The first chapters deal with three theories of probability and statistics that have been dominant in the 20th century, along with key mathematical issues and dilemmas. The book then introduces “robust simulation” which solves the problem of measuring the stability of simulated losses, incorporates outliers, and simulates future risk through a suite of possible answers and stochastic modeling of unknown variables. This book discusses various analytical methods for utilizing divergent solutions in making pragmatic financial and risk-mitigation decisions. The book emphasizes the importance of flexibility and attempts to demonstrate that alternative credible approaches are helpful and required in understanding a great many phenomena.
Detail Book of Robust Simulation for Mega Risks PDF
- Author : Craig E. Taylor
- Release : 11 November 2015
- Publisher : Springer
- ISBN : 9783319194134
- Genre : Nature
- Total Page : 179 pages
- Language : English
- PDF File Size : 8,5 Mb
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