7 Answered Questions for the topic Risk

05/02/19

High-risk investing is better for the young? Why?

I have heard statements such as the question's time. Basically, it's a financial motto: "If you're young, take on more risk." I don't really understand it. I figured risk-tasking is a... more

04/30/19

How to calculate budget margin?

Say a work package (containing several tasks) is estimated to take between 320 (Most likely) and 480 (Worst case) hours of work (not duration) to complete. Because of some dependencies and the... more

04/12/19

How do you plan for risks in your project's estimates?

I have been working on the risk-management topic in software development for a while. According to the different literature there could be knowns knowns (typical risks), known unknowns (product... more

04/04/19

What are alternative measures of risk?

In finance, the variance of the returns of a security are used as a proxy for the associated risk of the security. I've seen some books include sentences like "if you take variance as a measure of... more

04/04/19

When does gambling reduce risk?

Suppose that you face risk. It is obvious that taking gambles whose outcomes are negatively correlated with the outcomes of your other gambles can reduce your overall risk ('hedging'). My question,... more

04/26/15

Need help. Show work.

On an American roulette wheel, there are 18 red numbers, 18 black numbers, plus 2 green numbers (0 and 00). If you bet $N on red, you win $N if a red number comes up (i.e., you get $N back - your... more

04/26/15

Need help. Show Work.

Suppose that you roll a pair of honest dice. If you roll a total of 7, you win $18; if you roll a total of 11, you win $54; if you roll any other total, you lose $9. Fine the expected payoff for... more

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