Overview
- Offers insights from behavioral risk economics to teach today’s managers how to become better risk leaders
- Examines decision-making under risk from a cognitive and psychological perspective
- Presents a bridge between risk economics, theory and practical insights from risk psychology
Part of the book series: Future of Business and Finance (FBF)
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Table of contents (12 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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.
Authors and Affiliations
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.
Bibliographic Information
Book Title: The Ten Commandments of Risk Leadership
Book Subtitle: A Behavioral Guide on Strategic Risk Management
Authors: Annette Hofmann
Series Title: Future of Business and Finance
DOI: https://doi.org/10.1007/978-3-030-88797-1
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-88796-4Published: 20 February 2022
Softcover ISBN: 978-3-030-88799-5Published: 21 February 2023
eBook ISBN: 978-3-030-88797-1Published: 19 February 2022
Series ISSN: 2662-2467
Series E-ISSN: 2662-2475
Edition Number: 1
Number of Pages: X, 182
Number of Illustrations: 7 b/w illustrations, 11 illustrations in colour