Dissemination and Visualization of Risk Profiles
What was the project about?
There are many examples of the failure of the individual understanding of risk and probability when activating their savings.
The potential for improving the saving patterns for retailbanking savers are large and initial analysis suggests that it would bepossible to help 1/3 of this segment to accumulate wealth in a way that wouldmatch their holistic risk profile better than at present and hence help thesegment accumulate more wealth over time.
The project will use machine learning to be able to disseminate and visualize risk profiles the project will focus on two perspectives:
- The understanding of overall risk profile and
- Change in the risk profile to the benefit of the user
Because of the above the user should be offered the chance to change to a new risk profile and we will hence work will the communicationaround in changing the risk profile.
Mogens Steffensen, Professor, Department of MathematicalScience
Dreamplan and Datasolvr