Sunday, January 18, 2009

Endogenous Risk

Jon Danielson and Hyun Shin of the London School of Economics, wrote a 21 September 2002 paper, "Endogenous Risk", which distinguishes endogenous and exogenous risk, i.e, risks within and system and those "that arrive from outside the system". The distinction is worth keeping in mind, link: http://risk.lse.ac.uk/rr/files/HSS-JD-02-9-22-1032695086-15.pdf.

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