An interesting request came through from one of our customers today and is worth sharing on the Causal Capital blog because a lot of risk practitioners struggle with some of the more complex areas of modelling uncertainty. This is especially the case when risk managers are attempting to assess the size of impacts from catastrophes.
In this presentation and video, we unravel Extreme Value Theory [LINK]
In this posting we take a look at Nassim Taleb's video and show a working example of the Sigmoid function in R Project.
Many risk practitioners approach the quantification of risk by convoluting frequency and magnitude curves.
The Sigmoid concept which is at the heart of Antifragile, looks at risk differently. It breaks up a system into various states of Fragile and Robust, then brings them back together as a single function of risk.
More can be found here [ LINK ]
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