If you can manage a risk entirely by algorithm, you have eliminated it: Difference between revisions
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Courtesy of the syllogism beginning {{maxim|A risk you have eliminated is not a risk}}, this is less of a good thing than it sounds. A risk you have eliminated has no value, and your compliance cost in monitoring it is wasted. Unless you have only eliminated it ''because'' you are monitoring it — [[Schrodinger]], hello! — in which case well played, madam: you have just bought yourself a compliance cost for nothing. | {{a|maxim|}}Courtesy of the syllogism beginning {{maxim|A risk you have eliminated is not a risk}}, this is less of a good thing than it sounds. A risk you have eliminated has no value, and your compliance cost in monitoring it is wasted. Unless you have only eliminated it ''because'' you are monitoring it — [[Schrodinger]], hello! — in which case well played, madam: you have just bought yourself a compliance cost for nothing. | ||
{{maxim|If you can manage a risk entirely by algorithm, you have eliminated it}}<br> | {{maxim|If you can manage a risk entirely by algorithm, you have eliminated it}}<br> | ||
Latest revision as of 17:26, 19 December 2020
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Courtesy of the syllogism beginning A risk you have eliminated is not a risk, this is less of a good thing than it sounds. A risk you have eliminated has no value, and your compliance cost in monitoring it is wasted. Unless you have only eliminated it because you are monitoring it — Schrodinger, hello! — in which case well played, madam: you have just bought yourself a compliance cost for nothing.
If you can manage a risk entirely by algorithm, you have eliminated it
A risk you have eliminated is not a risk
Without risk, there is no return
See also
- Algorithm
- Risk
- Risk analysis from our risk series
- Rumours of our demise are greatly exaggerated