A ball park figure
Duration: 23 mins 23 secs
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| Description: | Professor Sam Savage explains why our reliance on "averages" for risk management modelling is wrong in his new book, The Flaw of Averages. |
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| Created: | 2010-06-11 16:04 | ||||
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| Collection: | Cambridge Judge Business School Discussions on Risk | ||||
| Publisher: | Cambridge Judge Business School, University of Cambridge | ||||
| Copyright: | Cambridge Judge Business School, University of Cambridge | ||||
| Language: | eng (English) | ||||
| Distribution: |
World
(downloadable)
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| Credits: |
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| Categories: |
iTunes - Business - Economics |
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| Explicit content: | No | ||||
| Abstract: | Using averages to calculate risk is leading risk management modelling astray says Professor Sam Savage. It ensures everything is behind schedule, beyond budget and below projection. Here he discusses both the problems and the "cures". |
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