Memorias de investigación
Communications at congresses:
Consistency among experts in qualitative operational risk estimates
Year:2016

Research Areas
  • Humanities,
  • Social sciences,
  • Economics,
  • Economy,
  • Finance

Information
Abstract
This paper presents a literature review that provides the basis for determining if it is possible to rely on the results when there is a large amount of qualitative estimates of operational risks (OpR) made by a large number of experts. For this estimation the concepts OPR, particularly those concerning Loss Distribution Approaches are reviewed, then conjugating them afterwards with methods of combining probability distributions provided by specialists. As the two concepts of measurement and evaluation are established a series of analyses is proposed that will make it possible to establish a method for determining whether there is consistency in the estimates of many experts regarding the large variety of OPR. It is to be noted that this test will allow the validation of the reliability of the surveys and estimates, particularly when it is not possible to perform stress testing or back testing due to the absence of time series.
International
Si
Congress
6th International Conference of the Financial Engineering and Banking Society
960
Place
Málaga Spain
Reviewers
Si
ISBN/ISSN
0000-0000
Start Date
10/06/2016
End Date
12/06/2016
From page
1
To page
6
Proceedings of the 6th International Conference of the Financial Engineering and Banking Society
Participants

Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Ingeniería de la Calidad Alimentaria
  • Departamento: Ingeniería de Organización, Administración de Empresas y Estadística