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RE: Learn from history?
From: Steffen Kluge <kluge () fujitsu com au>
Date: Tue, 11 May 2004 17:23:25 +1000
On Tue, 2004-05-11 at 00:50, Michal Zalewski wrote:
R = E x p R = Risk E = event p = probability of the event happeningIf we must toy with bogus marketspeak "equations", shouldn't E - at the very least - numerically correspond to the consequences (loss?) caused by an event, rather than being an event itself?
Of course. Prevalent risk management standards put "impact" in the place of "event" (which isn't quantifiable anyway). And they don't use an arithmetic product to combine impact and likelihood, but rather a matrix, which is not linear but more close to reality.
Otherwise, my risk R of getting a bar of chocolate from a stranger is 0.001 * getting_chocolate_bar_from_stranger.
Having avoided carbs for quite a while I can't really comment... Cheers Steffen.
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Current thread:
- RE: Learn from history?, (continued)
- RE: Learn from history? Serge van Ginderachter (svgn) (May 06)
- RE: Learn from history? Ng, Kenneth (US) (May 10)
- RE: Learn from history? Alerta Redsegura (May 10)
- RE: Learn from history? Michal Zalewski (May 10)
- RE: Learn from history? Alerta Redsegura (May 10)
- RE: Learn from history? Gwendolynn ferch Elydyr (May 10)
- Re: Learn from history? Calum (May 11)
- RE: Learn from history? Ron DuFresne (May 11)
- RE: Learn from history? Michal Zalewski (May 10)
- RE: Learn from history? Alerta Redsegura (May 10)
- Re: Learn from history? James Riden (May 10)
- RE: Learn from history? Steffen Kluge (May 11)
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- Re: Calcuating Loss Clint Bodungen (May 11)
- Re: Calcuating Loss Valdis . Kletnieks (May 11)
- Re: Calcuating Loss Jay Beale (May 11)
- Re: Calcuating Loss Frank Knobbe (May 11)
- Re: Calcuating Loss Seth Alan Woolley (May 11)