Archives par tag : John Kay

John Kay. Gestion du risque – On Risk

John Kay écrit dans Don’t blame luck when your models misfire But today the modellers are in charge, not the poets. Like practitioners of alchemy and quack medicine, these modellers thrive on our desire to believe impossible things. But the search for objective means of controlling risks that can reliably be monitored externally is as [...]

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John Kay sur l’arrogance – John Kay on Arrogance

John Kay écrit dans Those at the nucleus may not have the best view So when someone tells you something is too complex for you to understand, the usual reason is that they do not really understand it themselves. Sometimes they know that they do not really understand it: often they do not. For the [...]

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John Kay sur l’aléa moral

John Kay, dit dans The war on moral hazards begins at home: The purpose of structural reform is to allow financial institutions to fail without imposing large costs on taxpayers, retail customers and the global economy. The moral hazard problem is more subtle than sometimes suggested. Banks do not think: “We can afford to take [...]

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