Risk Analysis 101: fooled by local robustness … again!
This article explains, again, why radius of stability models, such as info-gap’s robustness model, are models of local robustness and why they are therefore unsuitable for the treatment of severe uncertainty. Citation Working Paper SM-12-2, Department of Mathematics and Statistics, The University of Melbourne, Melbourne, Victoria, Australia. Article Download View Risk Analysis 101: fooled by … Read more