Quantitative Risk Analysis Versus Futures as a Risk Response
Draw from your personal and professional experiences to answer the questions below in the Discussion. Remember that this is a discussion, so keep your responses succinct and to the point. Respond to at least three of your colleagues.
Read the article: Chelst, K. (2013). The soft side of making decisions. Industrial Engineer: IE, 45(1), 35–40.
The premise of the article is that decision makers are divided by generation into two camps: one that believes in using quantitative risk analysis to identify potential high risk events to allow for mitigation, and an older generation that does not hold to quantitative analysis but believes traders should be free to insulate risky endeavors through futures to hedge their positions. In light of current events relative to the laissez faire approaches to stock manipulations, how does this relate to current events involving quantitative risk analysis versus futures as a risk response?
Remember that this is a discussion, so keep your responses succinct and to the point. Respond to at least three of your colleagues. Be sure to write your initial post according to APA format using citations/examples to substantiate your position and give credit to your references at the bottom of your post. Be sure to synthesize your analysis of the reading as a conclusion and then evaluate your synthesis.