“We determined that vulnerable residents who are at high risk for flood hazards with low financial resiliency most need flood insurance but are least likely to own it. In addition, residents who voluntarily own flood insurance are most influenced by the cost of coverage and do not generally apply perceptions of coastal hazard risk when making decisions to purchase flood insurance.”
“... we provide evidence that setting the risk-weighted ratio at 15\% and the simple leverage ratio at 10% would significantly decrease the probability of default without hampering banks' activities.”
The study investigated how ChatGPT and Bard categorize investor risk profiles compared to financial advisors. While there were no significant differences in the risk scores assigned by the chatbots an
The paper suggests that companies developing high-risk AI systems should demonstrate their safety before deployment, arguing for proactive risk management. It proposes a risk management approach where