http://rs.resalliance.org/2008/02/20/ecology-for-bankers/ coping with ecological suprise in a human dominated world Sat, 30 Aug 2008 14:24:41 +0000 http://wordpress.org/?v=2.5.1 http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-129799 Kimmo Soramäki » Blog Archive » Complex systems: Ecology for bankers Fri, 14 Mar 2008 22:05:30 +0000 http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-129799 [...] See also: Resiliance Science blog entry [...] [...] See also: Resiliance Science blog entry [...]

]]> http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-126479 Edward Vielmetti Mon, 25 Feb 2008 18:58:15 +0000 http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-126479 Models of risk systematically tend to underestimate agency risk (my interests are counter to my employers) and liquidity risk (that thing that's worth $1m? you can't sell it). These risks tend to accumulate and reinforce each other, leading up to catastrophic collapses where the whole big sand pile of risk assumptions falls down upon itself. Models of risk systematically tend to underestimate agency risk (my interests are counter to my employers) and liquidity risk (that thing that’s worth $1m? you can’t sell it). These risks tend to accumulate and reinforce each other, leading up to catastrophic collapses where the whole big sand pile of risk assumptions falls down upon itself.

]]> http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-126188 kevin jones Sat, 23 Feb 2008 06:04:49 +0000 http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-126188 our bell curve model of risk is wrong. it's good to see bankers are starting to look at powerlaws and dynamic system models. if you're model of risk is wrong you will have pianos fall on your head more often than you think is reasonable. our bell curve model of risk is wrong. it’s good to see bankers are starting to look at powerlaws and dynamic system models. if you’re model of risk is wrong you will have pianos fall on your head more often than you think is reasonable.

]]> http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-126186 ecosystems, risk and bankers « Kevin’s New Projects Sat, 23 Feb 2008 05:43:32 +0000 http://rs.resalliance.org/2008/02/20/ecology-for-bankers/#comment-126186 [...] February 23, 2008 There is common ground in analysing financial systems and ecosystems, especially in the need to identify conditions that dispose a system to be knocked from seeming stability into another, less happy state. From Resilience Science. [...] [...] February 23, 2008 There is common ground in analysing financial systems and ecosystems, especially in the need to identify conditions that dispose a system to be knocked from seeming stability into another, less happy state. From Resilience Science. [...]

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