In some previous post, I posited that we should move from quantitative (quod non) to qualitative or even intuitive risk management.
And how that may be difficult. ‘cause it is.
As an intermediary step, I propose to build a better language with which to communicate, discuss and calculate (sic) with qualitative risk management.
Because I see a place for a combination of fuzzy logic and wavelet theory, including neural network signal combination functions.
As my time is limited, this time of year, would anyone have pointers to what’s already out there in papers, practical applications, etc..? That could kickstart the discussion. And I’ll return with more, better, more extensive, more thought out stuff on the subject later.