What to Do If You Can’t Find the Distribution You Want on the Palette Or, Journeying to Strange, New Distributions

There are thirty-nine distributions on the palette in @RISK for Excel. Sure, a couple are essentially doubles (Lognorm/Lognorm2 etc) and one is a Frequency x Severity concept (Compound) rather than strictly being a particular distribution. But basically there is plenty of choice there! However, what can you do if you have a particular distribution in […]

Risk, Emotions, and the Financial Crisis

In his consideration of what sent the financial world spinning this month, one of my favorite newspaper columnists, David Brooks, blames the human factor, specifically, unrealistic attitudes about risk among decision makers in the financial world.  He finds a tendency among these movers and shakers to get high on a little success and push their […]