Titlebook: Assessing Risk Assessment; Towards Alternative Christian Hugo Hoffmann Book 2017 Springer Fachmedien Wiesbaden GmbH 2017 Risk Modeling.Sys

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The Critical Turn: The Renaissance of Practical Wisdomi) and that uncertainties, as contrasted with clearly measurable risks which are not to be expected (see Chapter 7, where “our [supposedly] best tools [might have] prove[d] to be our worst instruments”; Blyth, 2010: 453), require a broader, more forward-looking and strategy-oriented approach to risk management.

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Deriving Lessons for Rethinking the Approach to Assessing Extreme and Systemic Risks but qualitative approaches (.). Yet, criticizing something is always considerably easier than proposing a constructive alternative. The call for a Third Way, for alternative risk models and measures, better: an alternative class of risk models for complex financial systems thus becomes unmistakable.

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