Model Risk Management

Intermediate

Framework for identifying, measuring, and mitigating model risks.

Full Definition

Framework for identifying, measuring, and mitigating model risks.

Keywords

MRM

Domains

AI Economics & Strategy

Related Terms

Algorithmic Accountability related to

Ensuring decisions can be explained and traced.

 Model Inventory related to

Central catalog of deployed and experimental models.

 Use-Case Classification related to

Categorizing AI applications by impact and regulatory risk.

 Human Oversight related to

Required human review for high-risk decisions.

 Memory Augmentation related to

Extending agents with long-term memory stores.

 Multi-Agent System related to

Multiple agents interacting cooperatively or competitively.

 Emergent Coordination related to

Coordination arising without explicit programming.

 Self-Reflection related to

Models evaluating and improving their own outputs.

Concept Map

See how Model Risk Management connects to other concepts.

Open Knowledge Graph