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We propose an computational framework for real-time risk assessment and prioritizing for random outcomes without prior information on probability distributions. The basic model is built based on satisficing measure (SM) which yields a…

Optimization and Control · Mathematics 2018-07-03 Wenjie Huang

How risks are managed implicitly and explicitly at multiple levels of agile projects has not been extensively studied and there is a need to investigate how risk management can be used in large agile projects. This is the objective of this…

Software Engineering · Computer Science 2021-03-17 Torgeir Dingsøyr , Yvan Petit

Prominent AI experts have suggested that companies developing high-risk AI systems should be required to show that such systems are safe before they can be developed or deployed. The goal of this paper is to expand on this idea and explore…

Computers and Society · Computer Science 2024-06-25 Akash R. Wasil , Joshua Clymer , David Krueger , Emily Dardaman , Simeon Campos , Evan R. Murphy

Financial regulatory agencies are struggling to manage the systemic risks attributed to negative economic shocks. Preventive interventions are prominent to eliminate the risks and help to build a more resilient financial system. Although…

Human-Computer Interaction · Computer Science 2021-04-27 Zhibin Niu , Junqi Wu , Dawei Cheng , Jiawan Zhang

Common pitfalls in visualization projects include lack of data availability and the domain users' needs and focus changing too rapidly for the design process to complete. While it is often prudent to avoid such projects, we argue it can be…

Human-Computer Interaction · Computer Science 2019-10-16 Katy Williams , Alex Bigelow , Katherine E. Isaacs

We propose a dynamical model for the estimation of Operational Risk in banking institutions. Operational Risk is the risk that a financial loss occurs as the result of failed processes. Examples of operational losses are the ones generated…

Risk Management · Quantitative Finance 2012-02-14 Marco Bardoscia , Roberto Bellotti

Digital transformation challenges financial management while reducing costs and increasing efficiency for enterprises in various countries. Identifying the transmission paths of enterprise financial risks in the context of digital…

Statistical Finance · Quantitative Finance 2023-05-09 Jie Dong

Interactive visualizations are crucial in ad hoc data exploration and analysis. However, with the growing number of massive datasets, generating visualizations in interactive timescales is increasingly challenging. One approach for…

Databases · Computer Science 2017-01-25 Yongjoo Park , Michael Cafarella , Barzan Mozafari

In this paper we propose a framework for assessing the risk associated with deploying a machine learning model in a specified environment. For that we carry over the risk definition from decision theory to machine learning. We develop and…

Although AI systems are increasingly being leveraged to provide value to organizations, individuals, and society, significant attendant risks have been identified and have manifested. These risks have led to proposed regulations,…

Artificial Intelligence · Computer Science 2024-12-06 David Piorkowski , Michael Hind , John Richards

Data quality assessment process is essential to ensure reliable analytical outcomes. This process depends on human supervision-driven approaches since it is impossible to determine a defect based only on data. Visualization systems belong…

Databases · Computer Science 2018-09-27 João Marcelo Borovina Josko , João Eduardo Ferreira

Risk measures such as Expected Shortfall (ES) and Value-at-Risk (VaR) have been prominent in banking regulation and financial risk management. Motivated by practical considerations in the assessment and management of risks, including…

Mathematical Finance · Quantitative Finance 2021-05-05 Ruodu Wang , Johanna F. Ziegel

Requirements Engineering (RE) is closely tied to other development activities and is at the heart and foundation of every software development process. This makes RE the most data and communication-intensive activity compared to other…

Software Engineering · Computer Science 2017-07-10 Zahra Shakeri Hossein Abad , Alex Shymka , Jenny Le , Noor Hammad , Guenther Ruhe

Risk is unavoidable in business and risk management is needed amongst others to set up good security policies. Once the risks are evaluated, the next step is to decide how they should be treated. This involves managers making decisions on…

Other Computer Science · Computer Science 2013-03-08 Le Minh Sang Tran , Bjørnar Solhaug , Ketil Stølen

Safe reinforcement learning deals with mitigating or avoiding unsafe situations by reinforcement learning (RL) agents. Safe RL approaches are based on specific risk representations for particular problems or domains. In order to analyze…

Machine Learning · Computer Science 2023-12-11 Leonardo Villalobos-Arias , Derek Martin , Abhijeet Krishnan , Madeleine Gagné , Colin M. Potts , Arnav Jhala

The ability to estimate task difficulty is critical for many real-world decisions such as setting appropriate goals for ourselves or appreciating others' accomplishments. Here we give a computational account of how humans judge the…

Artificial Intelligence · Computer Science 2019-05-15 Ilker Yildirim , Basil Saeed , Grace Bennett-Pierre , Tobias Gerstenberg , Joshua Tenenbaum , Hyowon Gweon

The challenge of decision-making under uncertainty in information security has become increasingly important, given the unpredictable probabilities and effects of events in the ever-changing cyber threat landscape. Cyber threat intelligence…

Cryptography and Security · Computer Science 2023-07-17 Martijn Dekker , Lampis Alevizos

Due to the fact that the construction industry is one of the high-risk industries, it is inevitable to pay sufficient attention to the safety category in this industry. Currently, due to the development of modern technologies, the…

Functional Analysis · Mathematics 2023-09-07 Paniz Pouryaghoubi , Arefeh Mohammadi

Measurement is an integral part of modern science, providing the fundamental means for evaluation, comparison, and prediction. In the context of visualization, several different types of measures have been proposed, ranging from approaches…

Graphics · Computer Science 2019-09-13 Fabian Bolte , Stefan Bruckner

Understanding how individuals make decisions involving risk is a fundamental aspect of behavioral research. Despite the ubiquity of risk in various aspects of life, limited empirical work has explored student risk-taking behavior in…

Software Engineering · Computer Science 2024-10-10 Juho Leinonen , Paul Denny