Methods

The essence of human action is characterized by the management of possible future states towards those which are associated with rewards and away from those which are associated with risks. At RiskAnalytica, this character is apparent within its powerful risk management solution which advocates strategy based on reasonable interpretations of the solutions.

Typical approaches adopted in many industries, including the global banking industry, reduce the problem of risk to stochastic calculus, leaving the management decision probabilistic and not uniquely defined. It is important to retain a quantitative and a qualitative perspective within this process while having the ability to model reality, preserving both its salient features and generality

RiskAnalytica has developed a framework which illustrates that every organization is faced with a set of possibilities rather than just probabilistic outcomes. Such possibilities are uniquely defined within the representation of an organization’s perspective allowing it to realize some possibilities and avoid others.