StatPro focuses not only on risk management best practices, but also on the science of understanding how we make critical decisions and behave in a crisis so we can learn new and better responses. We advocate and incorporate advances in Behavioral Economics, Cognitive Neuroscience and Complexity Science to provide insights into decision-making and management techniques.
StatPro continually questions commonly held perceptions about risk and its measurement. In a 2012 White Paper “Adding It All Up: The Myths and Realities of Risk Aggregation,” we examine how risk aggregation can achieve real risk transparency and cost-effective financial risk analysis across diverse investments. In the paper, we point out that prior to the 2008 global financial crisis, some asset owners voiced a reluctance to press fund managers for increased transparency, citing a tenuous relationship or fear of retribution while others were very successful in gaining increased transparency, even from some of the most secretive managers.
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