The Ten Commandments of Risk Leadership: A Behavioral Guide on Strategic Risk Management

Managers are prone to cognitive mistakes in interpreting and reacting to risk-related information, which can erode the objectivity of their decisions and hurt the financial well-being of their firms. This book seeks to develop risk literacy as a leadership skill to help managers improve managerial decision-making in regards to managing risk. It provides insights into how human nature often gets in the way of rational decision-making and is a valuable resource for insurance executives, chief risk officers, company leaders, and graduate students of risk management and risk psychology.

Format: Hardback
Length: 182 pages
Publication date: 20 February 2022
Publisher: Springer Nature Switzerland AG

Humans are prone to a range of cognitive errors when interpreting and responding to risk-related information, which can have significant consequences for managers and their firms. Cognitive biases can erode the objectivity of risk-related decisions, leading to financial harm. This book aims to develop risk literacy as a leadership skill, helping managers improve their decision-making in risk management. The last decades have provided valuable insights into how human nature often interferes with 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 to study the hidden forces that drive decision-making under risk.

Humans are prone to a range of cognitive errors when interpreting and responding to risk-related information, which can have significant consequences for managers and their firms. Cognitive biases can erode the objectivity of risk-related decisions, leading to financial harm. This book aims to develop risk literacy as a leadership skill, helping managers improve their decision-making in risk management. The last decades have provided valuable insights into how human nature often interferes with 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 to study the hidden forces that drive decision-making under risk.

Weight: 459g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030887964
Edition number: 1st ed. 2022