Description: Essays advocating for incentive compensation linked to the level of risk in an organization.

Description: Reminding that incentive compensation needs to hit the target on average, needs to have variability related to the level of control over company’s fortune and ensure people are participating.

Description: Comments on Robert North’s paper, a real case study of disclosing MVL in a public employee retirement system.

Description: Article discussing the use of ERM in today’s economy.

Description: Insurance companies are not immune to liquidity risks.

Description: Simultaneous modelling of operational risks occurring in different event type/business line cells poses the challenge for operational risk quantification. Invoking the new concept of Levy copulas for dependence modelling yields simple approximations of high quality for multivariate operational VAR. From 2007 Enterprise Risk Management Symposium, M-AS07-1.

Description: Given the lower incidence rate, use of decision tree techniques like Classification and Regression Tree CART in understanding credit or operational risk becomes quite challenging. A commonly adopted solution is biased sampling approach, where more weights are attached to bad customers to artificially hike the incidence or bad rate. While adopting this type of biased sampling approach, question of the best weight arises. This paper adopts an iterative approach in identifying the best weight. The best weight for bankruptcy BKO profiling problem in hand occurred when the incidence rate was around 50 percent where entropy reaches its maximum.

Description: Demonstrating that incentive maximization could lead to failure using game theory. This is illustrated by the optimum strategy for the Prisoner Dilemma single period, multi period and infinite period that could be mutually destructive or beneficial.

Description: A response to the comments on the paper.

Description: This article is the result of the Leadership & Development book club on Dare Lead. The article talks about major themes in the book and relates them to other podcasts and authors thought on those themes.