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Stress testing incorporating causal dependency [5]

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Bullet points include: Risk versus uncertainty Expressing matters probabilistically may be appealing but is not always practical However, models are still central Data only really makes sense in context of models of reality Searching for a unique ‘true’ model may be misguided and futile More fruitful may be to entertain possibility of a plurality of possible models Stress testing allows us to avoid being too wedded to one view of the world A coordination challenge – whose views and on what topics do we focus on most?

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