The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone insurance… Continue reading WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home
WATCH REPLAY: The Failure of Risk Management
https://2020.riskawarenessweek.com/talks/the-failure-of-risk-management/ Choices to make for your company or organization can seem overwhelming at times and the answers to hard questions may seem impossible to find. Whether your uncertain decisions are… Continue reading WATCH REPLAY: The Failure of Risk Management
WATCH REPLAY: Why consider uncertainty? The value of knowing how little you know
https://2020.riskawarenessweek.com/talks/why-consider-uncertainty-the-value-of-knowing-how-little-you-know/ What time should you leave to catch a plane flight? We all know intuitively to leave extra time for traffic and other uncertainties. But, how much time? Most risk… Continue reading WATCH REPLAY: Why consider uncertainty? The value of knowing how little you know
WATCH REPLAY: Making decisions unburdened by ‘risk management’ myths
https://2020.riskawarenessweek.com/talks/risk-management-myths/ Grant Purdy and Roger Estall During long careers we have often been engaged to investigate decisions that have gone spectacularly wrong or resulted in other than the intended outcomes.… Continue reading WATCH REPLAY: Making decisions unburdened by ‘risk management’ myths
Your kids are not taught risk management at school, you have to do it
I wanted to start with some typical math problems in school: Two cars started from the same point, at 5 am, travelling in opposite directions at 40 and 50 mph respectively.… Continue reading Your kids are not taught risk management at school, you have to do it
RAW2020 – Behind the scenes
The challenge Alex Sidorenko has been working in risk management, a relatively small field in quantitative decision making, for 15 years. His speciality lies in the statistics, math and decision-making… Continue reading RAW2020 – Behind the scenes
Why risk community rejects science, logic and common sense
First, I wanted to share an extract from the book I am reading at the moment Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and… Continue reading Why risk community rejects science, logic and common sense
3 steps to apply Monte-Carlo simulations to any investment project decision
Risk management 2 shouldn’t be difficult. So I started on a quest to come up with a simple methodology for quantitative risk analysis that will actually improve decision making. This… Continue reading 3 steps to apply Monte-Carlo simulations to any investment project decision
5 reasons why internal auditors need to attend #RAW2020
Risk Management Awareness Week from 12 to 16 October 2020 is a perfect place for internal auditors to learn. Risk Awareness Week RAW2020 brings some of the leading risk management… Continue reading 5 reasons why internal auditors need to attend #RAW2020
Share your risk management story and win a free VIP pass to #RAW2020
Share your risk management story in the comments below and get a chance to win a free VIP pass to #RAW2020 (valued at $100): https://2020.riskawarenessweek.com/ RAW2020 is dedicated to sharing… Continue reading Share your risk management story and win a free VIP pass to #RAW2020
