Question:<\/p>
After financial crises, or large trading losses, people responsible for monitoring risk often claim that the losses were 'unpredictable' or 'unprecedented' even though it seems much more likely that incorrect models were to blame. <\/p>
Problem: How would you incorporate this idea into your risk management practice?<\/p>", "transcribed_text": "", "related_book": { "title": "Financial and Managerial Accounting the basis for business decisions", "isbn": "125969240X, 978-1259692406", "edition": "18th edition", "authors": "Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1245.jpg", "uri": "\/textbooks\/financial-and-managerial-accounting-the-basis-for-business-decisions-18th-edition-1245", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CYL9B6N2", "uri": "\/textbooks\/how-to-overcome-impostor-syndrome-1st-edition-979-8882119835-270904", "name": "How To Overcome Impostor Syndrome", "edition": "1st Edition" }, "question_posted": "2024-06-05 12:07:51", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/recall-that-service-operations-can-be-classified-as-processing-people", "description": "Recall that service operations can be classified as processing people, goods, or information. 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