Harry's Tech Space

Read my experience with different products and technologies.

Tag: reducing risk

Diversification & PMC Bank Crisis

Recently the PMC bank was in limelight due to RBI imposing some tough measures. Though this measure was to protect the depositors from the impending Crisis at PMC Bank, the very depositors were the people massively affected by it.… read more

For any instrument safety is determined by knowledge of underlying risk.

-Pattu Sir, Freefincal

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Uncertainty & Risk

Uncertainty & Risk are 2 towers of Statistical World. Uncertainty is like dark lord sauron who could take the land underneath your feat, risk is just a evil wizard.
the statistical definitions of both are.
Risk is when we don’t know the outcome, but we know the probabilistic distribution of outcomes.… read more

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