Extreme Risk Management

Quantum4D makes two appearances in Christina Ray's great new book titled "Extreme Risk Management, Revolutionary Approaches to Evaluating and Measuring Risk" published by McGraw Hill

The unprecedented turmoil in the financial markets turned the field of quantitative finance on its head and generated severe criticism of the statistical models used to manage risk and predict 'black swan" events.    The financial world lost something very important when statistical representations replaced expert knowledge and correlation substituted for causation.   

Extreme Risk Management brings cause-and-effect back into the equation.   The use of causal models in risk management, securities valuation, and portfolio management provides a real and much needed alternative to the stochastic models financial analysts currently apply.   Providing the tools for risk modeling scenario generation, this game-changing book explains how to use causal models for:

• Evaluating risk with extraordinary accuracy
• Predicting devastating worst-case scenarios
• Enhancing transparency
• Facilitating better decision making

Extreme Risk Management provides the secrets to achieving what no one else could do before the global financial meltdown of 2008: foresee the most unexpected events - and manage portfolios accordingly.

We encourage you to read Christina's fascinating new book covering the cutting edge of risk management.