Risk analytics for risk management | by Gabriel de Longeaux
Data VisualizationAn introduction to risk management principlesBasic risk management principles are presented from a data scientist point of view using the theory of expected utility. The risk management strategies are summarized in one chart (with detailed explanations on how to read the chart) where iso-risk curves are materialized.Risk map with risk object (G. de Longeaux)Let us first assume that we have a total wealth W₀. Now, if we are exposed to the risk of losing an amount L (obviously less than W₀) with a…