Financial risk modeling | Actuarial science
In economics and finance, risk aversion is the tendency of people to prefer outcomes with low uncertainty to those outcomes with high uncertainty, even if the average outcome of the latter is equal to or higher in monetary value than the more certain outcome. Risk aversion explains the inclination to agree to a situation with a more predictable, but possibly lower payoff, rather than another situation with a highly unpredictable, but possibly higher payoff. For example, a risk-averse investor might choose to put their money into a bank account with a low but guaranteed interest rate, rather than into a stock that may have high expected returns, but also involves a chance of losing value. (Wikipedia).
QRM L1-1: The Definition of Risk
Welcome to Quantitative Risk Management (QRM). In this first class, we define what risk if for us. We will discuss the basic characteristics of risk, underlining some important facts, like its subjectivity, and the impossibility of separating payoffs and probabilities. Understanding the d
From playlist Quantitative Risk Management
What's the main mistake that risk managers are making with conduct risk and compliance?
Peter Tyson, Head Of Conduct & Compliance, Standard Life, explains the key mistakes that risk managers are making with conduct and compliance at RiskMinds Insurance 2016.
From playlist Insurance risk: Predict risk in an unpredictable world
(ML 11.3) Frequentist risk, Bayesian expected loss, and Bayes risk
A simple way to visualize the relationships between the frequentist risk, Bayesian expected loss, and Bayes risk.
From playlist Machine Learning
Risk Management Lesson 5A: Value at Risk
In this first part of Lesson 5, we discuss Value-at-Risk (VaR). Topics: - Definition of VaR - Loss distribution and confidence level - The normal VaR
From playlist Risk Management
Risk Assessment: Likelihood Determination
http://trustedci.org/ Determining Likelihood of a threat as part of a cyber risk assessment.
From playlist Center for Applied Cybersecurity Research (CACR)
QRM L1-2: The dimensions of risk and friends
Welcome to Quantitative Risk Management (QRM). In this second video, we analyse the dimensions of risk. Risk is in fact an object that we need to consider from different points of view, and that sometimes we cannot even quantify. We will also discuss the importance of statistical thinking
From playlist Quantitative Risk Management
What is Value at Risk? VaR and Risk Management
In todays video we learn about Value at Risk (VaR) and how is it calculated? Buy The Book Here: https://amzn.to/37HIdEB Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle What Is Value at Risk (VaR)? Value at risk (VaR) is a calculation that aims to quantify the level of
From playlist Risk Management
Risk Management Lesson 4A: Volatility
First part of Lesson 4. Topics: - Definitions of volatility - Basic assumptions (do they hold?) - Arch and G-arch models (brief overview)
From playlist Risk Management
Lec 20 | MIT 14.01SC Principles of Microeconomics
Lecture 20: Uncertainty Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
MIT 14.13 Psychology and Economics, Spring 2020 Instructor: Prof. Frank Schilbach View the complete course: https://ocw.mit.edu/14-13S20 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q In this video, Prof. Schilbach describes how economics looks
From playlist MIT 14.13 Psychology and Economics, Spring 2020
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This video explains the economic concept of decision making
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Lecture 8: Risk Preferences II
MIT 14.13 Psychology and Economics, Spring 2020 Instructor: Prof. Frank Schilbach View the complete course: https://ocw.mit.edu/14-13S20 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q This lecture continues the discussion of risk preferences, an
From playlist MIT 14.13 Psychology and Economics, Spring 2020
What are the challenges when it comes to regulations and their impact on banks?
Live from RiskMinds International, Aimen El Hadj, Senior Risk Consultant at Murex, explores the impact and challenges of FRTB. Visit the RiskMinds365 blog for more exclusive interviews and thought leadership: https://goo.gl/yQeosW
From playlist RiskMinds International 2018
Risk-neutral probabilities (FRM T5-07)
One of the harder ideas in fixed income is risk-neutral probabilities. In this video, I'd like to specifically illustrate, and define, what we mean by risk-neutral probabilities. I will do this in three steps. The first one is just a simple example of a coin toss, where my objective is to
From playlist Market Risk (FRM Topic 5)
Expected shortfall: approximating continuous, with code (ES continous, FRM T5-03)
In my previous video, I showed you how we retrieve expected shortfall under the simplest possible discrete case. That was a simple historical simulation, but that was discrete. In this video, I'm going to review expected shortfall when the distribution is continuous. Specifically, I will u
From playlist Market Risk (FRM Topic 5)
Fifteenth SIAM Activity Group on FME Virtual Talk
Date: Thursday, December 10, 1PM-2PM Early Career Talks Speaker 1: Dena Firoozi, HEC Montréal - University of Montreal Title: Belief Estimation by Agents in Major-Minor LQG Mean Field Games Speaker 2: Sveinn Olafsson, Columbia University Title: Personalized Robo-Advising: Enhancing Inves
From playlist SIAM Activity Group on FME Virtual Talk Series
Lecture 5: Uncertainty and Linear Programs
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
Lecture 6: Dynamics and Programming
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
The Brain Hates Losing (and Other News from Neuroeconomics) - Colin Camerer - 10/12/22
Lecture begins at 15:39 Research in the field of neuroeconomics finds the brain mechanisms that underlie computation during economic decisions. For example, the brain differentiates losses from gains, and really dislikes losing. In his lecture, Camerer will discuss how aversion to loss an
From playlist Caltech Watson Lecture Series
Introducing: RiskMinds in Focus
What does it take to be a leading risk mind in 2021? Managing uncertainty, technology risk and regulatory developments. A virtual week of precision-engineered content laser-focused on how risk managers can add value and enable business transformation. Join the days that matter to you. Me
From playlist RiskMinds 2021