Modelling Operational Risk Using Bayesian Inference 87 Rethinking Hypermedia: The Microcosm Approach

Rethinking Hypermedia: The Microcosm Approach will be of interest to all those who are involved in designing

The general part contains as usual a report/document section with special highlights - contributions on American philosophers (by Gerald Holton) and on Wittgenstein (David Stern) - as well as review articles and review related new publications and short documentation of Vienna Circle Institute's activities

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Modelling Operational Risk Using Bayesian Inference 87 Rethinking Hypermedia: The Microcosm ApproachThe management of operational risk in the banking industry has undergone explosive changes over the last decade due to substantial changes in the operational environment. Globalization, deregulation, the use of complex financial products, and changes in information technology have resulted in exposure to new risks which are very different from market and credit risks. In response, the Basel Committee on Banking Supervision has developed a new