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Wednesday, January 06, 2021

Small Data, Short Term Global Risks, GRR

 Nicely put, perhaps on every risk analysis we should list these calculate how they might be of threat to our contexts.   At the link below some good charts and analysis, plus links to much deeper analyses.

January’s most engrossing Small Data

The Global Risks Report   By David Aldous

As a mathematician of the old school, I don’t seek to engage Big Data. Instead, this post is about Small Data on a Big Subject. Each January since 2006 the annual Global Risks Report (GRR) has been published, as background material for the annual World Economic Forum (see Footnote 1 below). The reports are lengthy documents, freely available here  analyzing risks in the sense of events that would have substantial effect on the world economy over the next few years (“medium term”). The reports provide a consensus view derived from a large panel of experts. For my purpose here, the centerpiece is a graphic showing the perceived likelihood and economic effect of each of 36 risks (see Footnote 2). Look at this graphic below from January 2020 (or click this link).   .... ' 

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