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. This has helped us develop an objective appreciation of what ‘good’ decision-making looks like and therefore, what characterizes a ‘good’ decision. This workshop will describe… Continue reading RAW2020: Making decisions unburdened by ‘risk management’ myths
Tag: Neuropsychology
92. Why risk managers need to understand cognitive biases
Alex Sidorenko from RISK-ACADEMY talks about cognitive biases and why it is important for corporate risk managers to understand them and know how to work around them or limit their influence on decision makers. What do you think? – – – – – – – – – – – – – – – – At… Continue reading 92. Why risk managers need to understand cognitive biases
51. Cognitive biases in risk management – Neglect of probability – Alex Sidorenko
The neglect of probability, a type of cognitive bias, is the tendency to completely disregard probability when making a decision under uncertainty and is one simple way in which people regularly violate the normative rules for decision making. Small risks are typically either neglected entirely or hugely overrated. The continuum between the extremes is ignored.… Continue reading 51. Cognitive biases in risk management – Neglect of probability – Alex Sidorenko
TRAINING: Risk-based decision making
We offer half-day, one or two-day training programs specifically designed for investment companies. This training is suitable for Private equity funds, Pension funds, Sovereign wealth funds and other organizations with significant investment activities in the private market.
