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Quantitative Finance · Glossary

What is Pre-mortem, red team?

Also known as: pre-mortem · red team

Definition 26.6 The Desk and the Firm · Chapter 26 — Culture and Decision-Making

A pre-mortem is a review held before a decision is implemented, in which the team imagines that it has failed and writes down why, to surface risks that optimism hides. A red team is a group assigned to argue against a plan or to attack a system, independently of the people who made it.

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