- game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the …Basel II changes risk management in banks strongly. Internal rating procedures would lead one to expect that banks are … changing over to active risk control. But, if risk management is no longer a simple "game against natureʺ, if all agents …

-down, stress-testing framework to quantify systemic risk. The key transmission mechanism is a two-way interaction between the …

An innovative guide that identifies what distinguishes the best financial risk takers from the rest From 1987 to 1992 …, a small group of Wall Street quants invented an entirely new way of managing risk to maximize success: risk management … for risk-takers. This is the secret that lets tiny quantitative edges create hedge fund billionaires, and defines the …