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Tag Archives: risk models

Are Risk Models or Data to Blame? Yes!

July 12, 2010 – 6:00 am – On the front page of the June 24, 2010 issue of The Wall Street Journal there is an article by Neil King Jr. and Keith Johnson with the title “BP Relied on Faulty U.S. Data.” When you turn the page (note that I’m reading the actual physical newspaper, not an electronic version, so I…
By C. Warren Axelrod | Posted in Contingency Planning, Risk Analysis | Also tagged , , , , , | Comments (0)

Risky Behavior – New York Times’ Swan Songs

February 17, 2009 – 6:00 am – In an earlier column, Security and Change: Black Swans, posted on April 14, 2008, I drew your attention to an excellent book called The Black Swan written by Nassim Nicholas Taleb. Taleb points out that humans are particularly poor at predicting and preparing for catastrophic events, such as the…
By C. Warren Axelrod | Posted in Contingency Planning, Risk Analysis | Also tagged , , , , , , | Comments (2)

Slim Citi vs. Sim City

January 27, 2009 – 6:00 am – I was struck by a headline on the front page of the November 25, 2008 edition of The Wall Street Journal. It read:  “Citi Faces Pressure to Slim Down.”  What would the result be? Slim Citi. If you drop the “L” you have the name of the popular game “Sim City”…
By C. Warren Axelrod | Posted in Risk Analysis | Also tagged , , , , | Comments (1)