Blog Posting: November 24, 2006
Milton Friedman: A
Lesson in Positive Risk Measurement
The philosophy of science tells us that many
of the risk measures being implemented for
market risk, credit risk and operational
risk today are devoid of predictive content.
They sound very scientific, but they are
meaningless. Milton Friedman explained why.
- Article 1 Andi 27 Nov 2006
- Re: Article 1 Glyn Holton 29 Nov 2006
- Friedman on Markowitz Mark Taranto 28 Nov 2006
- Re: Friedman on Markowitz Glyn Holton 29 Nov 2006
- Re: Friedman on Markowitz Mark Taranto 29 Nov 2006
- Paul Samuelson's observations Glyn Holton 08 Dec 2006
- Re: Friedman on Markowitz Mario Melchiori 10 Dec 2006
- Bayes vs. Popper Eliezer Yudkowsky 10 Dec 2006
- Re: Bayes vs. Popper mal 14 Dec 2006