tag:blogger.com,1999:blog-7678509565920140218.post2860138368868132692..comments2023-07-09T02:50:17.609-07:00Comments on The Personal Financier: Uncertainty and Risk differentiated – Is a Tactical Surprise Preferable to a Strategic Surprise?Dorian Waleshttp://www.blogger.com/profile/09182167078410203435noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7678509565920140218.post-42992911939417710342008-01-04T01:21:00.000-08:002008-01-04T01:21:00.000-08:00Hello Jacob,Thank you for your feedback. Its the b...Hello Jacob,<BR/><BR/>Thank you for your feedback. Its the best motivation possible. As for 'unkown unkowns' - These are infinite. In my post on speculative and pure risks I mention the infinite amount of pure risks in every process (Think of the chances a piano might drop from the sky on your car for example...). In risk management we examine processes and try to identify the speculative risks and the major pure risks and usually multiply their effect by the probability of their occurence (most risk management models do). We adress the risks according to the outcome of the model. I'll write an article on this issue in the upcoming future.<BR/><BR/>Regards,<BR/>DorianDorian Waleshttps://www.blogger.com/profile/09182167078410203435noreply@blogger.comtag:blogger.com,1999:blog-7678509565920140218.post-79788835045661949352008-01-03T16:58:00.000-08:002008-01-03T16:58:00.000-08:00Great post, I'm really learning from this blog. I ...Great post, I'm really learning from this blog. I have one question here: What are "unknown unknowns" called and how are they handled?Jacobhttps://www.blogger.com/profile/01231619053252530749noreply@blogger.com