Risk-based decision is the idea that it makes more sense to take certain risks in certain situations and less sense to take other risks in those same situations. For example, if you are in your house ...
At a recent Columbia SPS Author Spotlight, ERM Associate Director and Lecturer Rich Lauria and Capita Solutions CEO John Burkhardt explored how managing risk starts with understanding the mind.
An idea to help drive effective risk management that involves improving the decision-making process. How can an organization ensure risk is appropriately considered in decision-making? As I have been ...
"Fear is a very powerful weapon. Fear doesn't give you the freedom to decide... Don't act of out fear." —The Sea Inside (2004) Decision-Making: Cognitive and Emotional How do we make decisions? Many ...
For business leaders, dashboards are everywhere: We use them to manage everything from performance to risk. However, I frequently find myself lost when staring at crowded dashboards. The worst aspect ...
The U.S. Food and Drug Administration recently issued a draft guidance titled, “Benefit-Risk Assessment for New Drug and Biological Products,” which aims to provide a clearer understanding how a ...
People gamble all the time, but we don’t think of it that way. We think we are making decisions, not gambling — and often don’t see it as taking risk either. But we are. The key is whether we are ...
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