Re: Peter Bernstein

From: Glyn Holton
Affiliation:
Address:
Date: 18 May 2007
Time: 14:02:31

Comments

My point is that "accurate" is not meaningful. At best, a risk measure can address perceived risk. How should we act knowing there are possible outcomes we cannot perceive -- and hence cannot measure? Risk measurement is not -- cannot-- be the answer to this particular question. That doesn't mean it is useless. It is very good for helping us address perceived risks, which are very real.

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