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Lower losses from weather extremes and earthquakes

Review of natural catastrophes in 2014

Redaktion RiskNET07.01.2015, 16:32

The absence of very severe catastrophes and a quiet hurricane season in the North Atlantic meant that losses from natural catastrophes in 2014 were much lower. At US$ 7bn, the most expensive event in...

Interview

Cognitive neuroscience and risk

Risk Manager should not rely on heuristics or intuition

RiskNET [Editor-in-chief]28.03.2014, 15:25

Leonardo da Vinci once claimed that all our knowledge has its origin in our perceptions. Thus, our (presumed) knowledge of risks also depends hugely on our very subjective and therefore highly...

Interview

All models are wrong

One figure is better than none …

RiskNET [Editor-in-chief]17.02.2014, 08:45

The assumptions of Gauss have formed the basis of public finance for more than a century. Traditional models and analytical methods for portfolio maximisation usually rest on the assumption that...

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