How can we measure something that we don't know? Or has not happened? Or has happened but

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How can we measure something that we don't know? Or has not happened? Or has happened but we do not know that it has happened? To paraphrase a quote by Donald Rumsfeld, "there are known knowns, known unknowns, and unknown unknowns." It can be argued that the most significant risks a company faces are the unknown unknowns.

discuss with examples, "unknown unknowns" as they relate to a company's credit risks.

discuss, with examples, "unknown unknowns" as they relate to a company's market risks.

Related Book For answer-question

Mathematical Structures For Computer Science Discrete Mathematics And Its Applications

ISBN: 9781429215107

7th Edition

Authors: Judith L. Gersting

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Posted Date: Mar 16, 2024 05:56 AM

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How can we measure something that we don't know? Or has not happened? Or has happened but

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Unknown unknowns also known as black swan events or unanticipated risks pose significant challenges to companies in managing their credit and market r... View the full answer

Mathematical Structures For Computer Science Discrete Mathematics And Its Applications

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