Importance of Data Quality in Risk Management
The overall risk management of a firm is largely based on statistical measures. This is because most of the models used for managing and mitigating risks are based on advanced statistics. These statistical models are based on gathering large volumes of complex data, rigorously processing it via running complex statistical operations, and using the resultant […]
What are Collateralized Debt Obligations and How do they Work?
Collateralized debt obligations (CDOs) are a very important and popular type of credit derivative. With the growth in structured finance, the origination and trading of collateralized debt obligations (CDOs) has seen a massive uptick. Their demand has increased multifold and as a result, newer products such as synthetic collateralized debt obligations (CDOs) are also being […]
Charles Handy Model of Organization Culture
What is an organization? An organization is a setup where individuals (employees) come together to work for a common goal. It is essential for the employees to work in close coordination, deliver their level bests and achieve the targets within the stipulated time frame for the smooth functioning of the organization. Every organization has certain […]
Psychology as a Science and the use of Scientific Methods in Psychological Research
Psychology as a field of study has evolved considerably over last few years with different perspectives, approaches and research interests of psychologists and researchers. But they all have one thing in common and that is relying on the usage of scientific methods. The field of psychology as a scientific area of study is important for […]
Effective Team Management Skills
Management is essential in every walk of life. Even what we eat should be managed. You just can’t put anything in your mouth. One needs to be cautious. In the same way, a team must be managed effectively to expect the best from the team members. The team leader plays an essential role in managing […]
Individuals have a tendency to think and question before performing. This is fruitful in analysis and forecasting of individual’s behaviour.
Individual decision making has certain pros and cons, few of which are mentioned below:
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