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The Fundamental Law of Risk Evaluation FLoRE
The Fundamental Law of Risk Evaluation FLoRE The paper argues that Risks Evaluation ... infection. This fear of lawsuits drives the health care industry to overemphasize the more tractable individual‘s ...Description: The paper argues that Risks Evaluation at its core is a psychological process that can lead to the special type of chaos described in modern Chaos Theory. It will argue that quantification and scientific modeling does not exempt risk assessment from the potential for deep biases. Presented at 2010 Enterprise Risk Management Symposium, Society of Actuaries, April 12-15, 2010.
Hide- Authors: Russell Sears
- Date: Jan 2011
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context
- Topics: Enterprise Risk Management>Risk appetite; Enterprise Risk Management>Risk measurement - ERM