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Bayes and Risk Management – Part 3

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My last two blogs have introduced Bayes theorem as an important probability maxim for business decision-making, and have also discussed the evolving role of the Bayesian approach in modern statistics.

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Comments (1)
Bayesian/causal modeling is clearly the next frontier in risk management. I encountered Borison and Hamm's article after reading Christina Ray's book 'Extreme Risk Management' (McGraw Hill, 2010), which I would also highly recommend as a superb resource on this emerging field of study.
Posted by Tom W | Monday, January 24 2011 at 11:48AM ET
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