Model Risk

One concept. Four tiers of command. Which do you speak?

Category: Strategy

Foundational Lexiconwrong assumptions
Executive Parlancemodel failure
Scholarly Discourseepistemic model limitation
Babel ZenithModel Risk
Origin: Quantitative Finance

Etymology & Meaning

The risk that models are wrong or misapplied.

In the Boardroom

Questioning the assumptions underlying your forecasts.

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