The ten commandments of risk leadership : a behavioral guide on strategic risk management / Annette Hofmann.
Hofmann, Annette, author.
2022
HD61 .H64 2022eb
Available Online

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Title The ten commandments of risk leadership : a behavioral guide on strategic risk management / Annette Hofmann.
Author Hofmann, Annette, author.
ISBN 9783030887971 (electronic book)
3030887979 (electronic book)
9783030887964
3030887960
DOI https://doi.org/10.1007/978-3-030-88797-1
Published Cham, Switzerland : Springer, [2022]
Copyright ©2022
Language English
Description 1 online resource (x, 182 pages) : illustrations (some color)
Other Standard Identifiers 10.1007/978-3-030-88797-1 doi
Call Number HD61 .H64 2022eb
Dewey Decimal Classification 658.15/5
Summary We as humans are prone to a variety of wired-in cognitive mistakes in the way we interpret and react to risk-related information. This is highly consequential since the cognitive biases managers are exposed to in their day-to-day business erode the objectivity of their risk-related decisions, which ultimately hurts the financial well-being of their firms. This book seeks to develop risk literacy as a leadership skill. It helps managers develop the skills to improve managerial decision-making in regards to managing risk. The last decades have offered various insights into how human nature often gets in the way of rational decision-making. This book is a valuable resource for insurance executives, chief risk officers, company leaders, and graduate students of risk management and risk psychology. It is the first behavioral risk management guide for managers and other interested readers - using examples from economic theory, behavioral finance, and game theory, it studies the hidden forces that drive our decision-making processes under risk.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
Series Future of business and finance.
Available in Other Form TEN COMMANDMENTS OF RISK LEADERSHIP.
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Record Appears in Online Resources > Ebooks
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1. Introduction
2. Risk and Risk Perception: Why we are not Rational in the Face of Risk
3. Expected Utility, Prospect Theory, and the Allais Paradox: Why Reference Points are Important
4. Confirmation Bias and Anchoring Effect: Why the First Piece of Information is Key in Negotiations
5. Framing and the Ostrich effect: Why our Decisions depend on how Information is presented
6. Emotions and Zero Risk Bias: Why we make bad Decisions and overspend on Risk Avoidance
7. Endowment Effect and Status-Quo Bias: Why we Stick with Bad Decisions
8. Overconfidence and Self-Blindness: Why we think we are better than we actually are
9. The Low-Probability Puzzle: Why we insure our Cellphone but Not our Home
10. Fairness, Diversity, Groupthink, and Peer Effects: Why Other People matter for our Risky Decisions
11. Hindsight Bias: Why We Think we are Good Predictors even though we are not. .

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