Show notes
Top 3 QuotesRisk Management is not really a profession. It's a competency that should be part of most degrees, if not all the degrees, at universities.Most organizations have been disillusioned with the astrology version of risk management.Sometimes, even a little quantification improves the quality of decision-making significantly.Show Highlights[01:17] Alex shares what the Risk Academy provides[03:02] How Alex got into risk[05:13] Alex's "controversial" blog[08:04] Methodologies, strategies, importance[13:52] What forces Alex to be controversial[16:16] Brilliant idea of dumbing it down[17:42] Approaching risk quantification[20:37] The real question is, how complex can we go?[23:29] How and when organizations should approach quantification[26:00] An unrealistic fairytale based on averages[29:03] Cultural difference in risk management approach[30:00] Alex's predictions in the coming years[34:17] Final nuggets of wisdomResources:RISK-ACADEMYConnect with Alex on LinkedInConnect with Alex on TwitterProspect Theory: An Analysis of Decision Under Risk by Daniel Kahneman and Amos TverskyJudgment under Uncertainty: Heuristics and Biases by Daniel Kahneman and Amos TverskyFoundations of Behavioral and Experimental Economics by Daniel Kahneman and Vernon SmithHow to Measure Anything: Finding the Value of ‘Intangibles’ in BusinessProbability Management ConferenceMonte Carlo SimulationMoneyballThe Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty by Sam L. Savage
