What is risk based decision making?

Alex Sidorenko from RISK-ACADEMY talks about his views on risk-based decision making, why it’s harder than we think and not natural for people in the workplace. Alex also talks about the role of the risk manager to help embed risk based decision making.   https://www.youtube.com/watch?v=XbkMX0ASgj4   DOWNLOAD THE FREE RISK MANAGEMENT BOOK: https://www.risk-academy.ru/en/download/risk-management-book/ Watch more…… Continue reading What is risk based decision making?

Cognitive biases every risk manager must know (part 3)

Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]

Cognitive biases every risk manager must know (part 2)

Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]

Cognitive biases every risk manager must know (part 1)

Overconfidence bias https://www.youtube.com/watch?v=eBuveFSYnGI The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance;…… Continue reading Cognitive biases every risk manager must know (part 1)

Feedback from FERMA seminar in Malta

Alex Sidorenko from RISK-ACADEMY shares his 3 key take aways from the recent FERMA seminar in Malta. For more feedback from the conference read the article on http://www.risk-academy.ru/ferma-seminar-feedback/ More information about RISK-ACADEMY, our training courses and services at https://www.risk-academy.ru/en/ https://www.youtube.com/watch?v=SmCy2CB5JVU DOWNLOAD THE FREE RISK MANAGEMENT BOOK: https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or…… Continue reading Feedback from FERMA seminar in Malta

Who should the risk manager report to?

Alex Sidorenko from RISK-ACADEMY talks about the place of the risk manager within the organisational structure, as well as pros and cons of different reporting lines for the risk manager. https://www.youtube.com/watch?v=r2b005LDwLA   Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk