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A Tricky Balancing Act |
Models play an important role in financial risk management. But are we guilty of misusing them, and has an overreliance on models contributed to the credit meltdown? Dr. Sebastian Fritz and Jörg Erlebach give examples of model breakdowns in different industries, explain why models often do not function properly when markets take unanticipated turns and offer advice on how to use models properly. More |
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