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

Finding the right sponsors for risk management

(extract from the Guide to effective risk management 3.0, read the full book for free: https://www.risk-academy.ru/en/download/risk-management-book) A large part of risk management success depends on the support and commitment from executives, Board members and key stakeholders. It is important, as early as possible, to identify specific people at different levels within the organisation who support…… Continue reading Finding the right sponsors for risk management