Quantitative Risk Analysis

Apr 22nd, 2015
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Quantitative risk analysis is the technique for analyzing in numerical terms the identified risks effects on project objectives. The future method, on the other hand, is a technique that seeks to aid people in the decision-making anticipate events yet to happen and influence or give a better response to the outcome (EPA, 2014). Laissez-faire approach, also called hands off approach, is where the management gives the freedom to the people working to do what they feel is right. In the case of government and private traders, the government does not interfere with traders, and they leave them to do what they want (Gray, 2004). It is used in stock manipulations where the market forces are allowed to control the value of the stock.

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Quantitative Risk Analysis(Authors Name)(Institutional Affiliation)Quantitative risk analysis is the technique for analyzing in numerical terms the identified risks effects on project objectives. The future method, on the other hand, is a technique that seeks to aid people in the decision-making anticipate events yet to happen and influence or give a better response to the outcome (EPA, 2014). Laissez-faire approach, also called hands off approach, is where the management gives the freedom to the people working to do what they feel is right. In the case of government and private traders, the government does not interfere with traders, and they leave them to do what they want (Gray, 2004). It is used in stock manipulations where the market forces are allowed to control the value of the stock.Qualitative risk analysis could help in Laissez-faire stock approach where management can first identify the possible risks involved and calculate the risks involved and find ways of mitigating the risk numerically. However, this can be affected by biases which according to Chelst (2013;1) can be motivational, illusion of control over the future environment, overconfidence

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