Enterprise Risk Management Slides

Stress testing incorporating causal dependency [9]

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Bullet points include: Often cognitively easier and more ‘natural’ to assign links on a causal rather than an associative basis E.g. suppose we want to predict whether a pavement will be slippery or not. Variables are, say: Whether it has just rained or not Whether the pavement is wet Whether a sprinkler on a timer overlooking the pavement was on or off

Bullet points include: Often cognitively easier and more ‘natural’ to assign links on a causal rather than an associative basis E.g. suppose we want to predict whether a pavement will be slippery or not. Variables are, say: Whether it has just rained or not Whether the pavement is wet Whether a sprinkler on a timer overlooking the pavement was on or off

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