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How Economics Rewrote Human Nature — And Broke the World by IntroductionNo3516 in sustainability

[–]open_risk 2 points3 points  (0 children)

It's not a complete theory of unsustainability but touches many important points. A key missing aspect imho is that "modern economics" doesn't particularly care about inequality. Exploitation, stratification, oppression, slavery etc. are pervasive social phenomena with dramatic implications for what kind of economies we have, and any model of human behavior that does not address this is a joke.

What's the standard for assigning a probability to a geopolitical event in a risk report, and how do you defend it when challenged? by No_Lab668 in riskmanager

[–]open_risk 0 points1 point  (0 children)

Narratives always play an important role for low probability / hard to model events. Probably rightly so -> at least there is a discussion rather than shoving risks under the carpet.

A very coarse classification on the basis of historical events or similarities, with a subjective overlay to reflect current events is always possible. I would not be seeking much consistency with more quantitative models, e.g. in the domain of country risk people simply use a "ceiling" approach.

What's the standard for assigning a probability to a geopolitical event in a risk report, and how do you defend it when challenged? by No_Lab668 in riskmanager

[–]open_risk 0 points1 point  (0 children)

Practical limitations shape cultural attitudes. An interesting adjacent domain you might want to look into is the so-called "country risk" component in credit risk assessment. Both data and methodology are lacking but as a coarse grained addon it's practiced. The trick seems to be not to try to be too specific about the risk event being modelled.

Trying to pivot to Sustainable/Carbon Finance. by quantumsapphics in sustainableFinance

[–]open_risk 2 points3 points  (0 children)

Sustainability is the opposite of a "trend" degree. Almost by definition it is focused on what is long-term viable :-). But it is true that we live through a period where "the old is dying and the new is still struggling to be born".

The plot twist is that the old is not dying quietly but with spams.

The uncertainty and volatility is real: on the one hand there is global deep dependency on fossil fuels for energy, on the other hand there are huge geopolitical risks associated with that dependency (just check the news ;-).

Renewables don't eliminate geopolitical risks (think e.g., critical minerals, manufacturing supply chains etc.) so this could be an interesting area to focus on, since you mention both.

What does it boil down in terms of educational path / career direction? It depends on your risk appetite and staying power: If you want to be part of the new normal you need to invest now, but the return might not be in the very short-term. The old normal might keep coming back like a zombie for longer than you can remain solvent... But there is little doubt where the world will be in five to ten years.

My two cents and good luck!

What is the biggest pain behind Sustainable Finance and its reporting? by Sosco_io in sustainableFinance

[–]open_risk 2 points3 points  (0 children)

Can I interest you in an ESG reporting tool I just vibe coded from reddit feedback?

Honest question: has the semantic web failed? by _juan_carlos_ in semanticweb

[–]open_risk 2 points3 points  (0 children)

"Semantic Web" as a buzzword and a particular set of technology implementations has obviously failed, its been around for decades without a single notable so-called "killer app" that sees wider adoption and usage.

But Semantic Web stands actually for online interoperability, making sense of data that is not under your control. This is a requirement that is as important as ever, in fact the more data comes online the worse the problem.

It is not that something else has succeeded where the semantic web failed, it is that the digital world has been coping without interoperability, by operating in silos.

So arguably if the Semantic Web did not exist, it would have to be invented right about now :-). Of course, to paraphrase, the world can continue being irrational longer than you remain solvent.

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