subjective probability

This tag is associated with 11 posts

The RARA model – how relevant to organisations?

A very useful model for thinking about risk taking has been created by David Hillson and Ruth Murray-Webster.  In contrast to the IRM guidance it is rigorous and well thought through.  The model consists of an influence diagram in which the nodes and influences have been well-defined.  Thus the model makes an interesting and valuable contribution to the risk […]