Is a robust mathematical model necessary to determine your risk threshold?

I do think that sometimes you just need an upper threshold and a lower threshold. Where you say, "Listen, we have this much insurance, and this is where our company would be very harmed if we lost this much money or had to deal with this much liability." So you just don't allow yourself out of those bounds. So there's a little bit of math in it.

9 views
1 comments
0 upvotes
Related Tags
Anonymous Author
I do think that sometimes you just need an upper threshold and a lower threshold. Where you say, "Listen, we have this much insurance, and this is where our company would be very harmed if we lost this much money or had to deal with this much liability." So you just don't allow yourself out of those bounds. So there's a little bit of math in it.
1 upvotes