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
Mathematical Structures For Computer Science Discrete Mathematics And Its Applications
ISBN: 9781429215107
7th Edition
Authors: Judith L. Gersting
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