Your First Quantitative Risk Assessment
摘要
Time to keep my promise from Part 1. We're going to step into quantitative analysis, but in a way that's not going to melt your brain. We're going to start with a very simple tool: the Monte Carlo method, which provides a glimpse into what the future could look like by simulating many outcomes based on what we know, including our uncertainty. It's the backbone of CRQ and is commonly used in many disciplines like finance, economics, medicine, military, and engineering, just to name a few.