Behavioural Risk Management, by Risk Books bestselling author René Doff, takes into account the latest economic insights and applies them to the day-to-day practice of managing risk. Covering the theoretical foundation as well as the practical applications, Doff acknowledges that the world around us is changing rapidly with complex and interacting developments and that this requires different tools to those that were used in the past. System analysis and scenarios are much better equipped than stochastic models to prepare the risk manager for the future.
Behavioural Risk Management helps practitioners and experts to implement these latest insights in their work. It encourages the reader to develop more robust decision-making procedures and reflect on key uncertainties. This enables them to make better decisions and be prepared for unforeseen circumstances.
“Since the oil crisis in the seventies, the credit crisis a decade ago and the COVID-19 pandemic, we know that scenarios can help to identify and manage low probability / high impact risk. In this book Dr. Rene Doff combines state-of-the-art insights in the disciplines of behavioural economics and scenarios to drastically improve risk-management practices. A well-researched, and at the same time, very practical book for academics and practitioners alike.”
Paul de Ruijter, author of Scenario Based Strategy
“This is the first comprehensive book I have read that brings together very relevant risk management topics and the behaviour of decision makers. The theory comes to live in the many cases that are used throughout the book. It is written in a very accessible way and I can highly recommend it to all managers and especially risk officers who are interested in how decision making and decision makers impact the risk profile of a company.”
Pieter Emmen, CRO Nationale Nederlanden Bank
