In 1492, Christopher Columbus set sail on a voyage that would change the world. He had a daring plan, multiple ships, and a crew ready to face the unknown. This… Continue reading Why you’re not taking enough risks?
by Sam L. Savage ““It is difficult to get a man to understand something, when his salary depends on his not understanding it”— Upton Sinclair According to my new best… Continue reading Sam Savage – The Only Valid Excuse for not Quantifying Uncertainty
by Sam L. Savage I typically don’t pick up a lot of friends by discussing probability in polite company, leaving me feeling like the ugly duckling in the fairy tale.… Continue reading Sam Savage – Making Your S Curves Actionable
📣 Excited to share our new guide, “Best Risk Management Prompts for ChatGPT!” 🔥 This comprehensive resource taps into the power of AI to elevate your organization’s risk management process.… Continue reading Best Risk Management Prompts for ChatGPT
On April 26, 1986, the world witnessed one of the most catastrophic nuclear disasters in history – the Chernobyl nuclear accident. A series of poor decisions, underestimation of risks, and… Continue reading Why risk managers are ignoring risks in daily decisions?
The AC Current Standard and First Industrial Power Plant of Chancification by Sam Savage ProbabilityManagement.org is proud to announce the first general release of the SIPmath 3.0 Standard for storing… Continue reading Important innovation in risk management – SIPmath™ 3.0 Standard
Every day, we are faced with a multitude of decisions. Some are minor, like what to have for breakfast, while others can have significant impacts on our lives. These decisions… Continue reading Risk and Reward: a new approach to everyday decision-making
In the mid-1990s when Ben Ball and I began applying Markowitz Portfolio Theory to petroleum exploration (see Chapter 28 in The Flaw of Averages: Why We Underestimate Risk in the… Continue reading Sam Savage – When you don’t know what you don’t know
by Sam L. Savage A Good Bad Example Victor Hugo said: “I am not completely useless. I can serve as a bad example.” The same can be said of Operation… Continue reading Sam Savage – Chance-Informed Decisions
In today’s digital era, artificial intelligence is revolutionizing various aspects of our lives and professional fields, including risk management. An exciting development in this arena is the introduction of RAW… Continue reading RAW@YT: AI chatbot trained on risk management videos