The Ten Commandments of Risk Leadership: A Behavioral Guide on Strategic Risk Management (Future of Business and Finance) - Softcover

Hofmann, Annette

Softcover

ISBN 10: 3030887995 ISBN 13: 9783030887995

Publisher: Springer, 2023

Synopsis

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 hiddenforces that drive our decision-making processes under risk.

 

About this title

About the Author

Annette Hofmann is the Academic Director of the Carl H. Lindner III Center for Insurance and Risk Management at the University of Cincinnati. She has authored numerous academic articles on risk management topics.

From the Back Cover

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 hiddenforces that drive our decision-making processes under risk.

 

Edition details

• Publisher: Springer
• Publication date: 2023
• Language: English
• ISBN 10: 3030887995
• ISBN 13: 9783030887995
• Binding: Paperback
• Edition number: 1
• Number of pages: 192