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