The Most Controversial Risk Thought Leader | Alexei Sidorenko

Top 3 Quotes Risk 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 wisdom Resources: RISK-ACADEMY Connect with Alex on LinkedIn Connect with Alex on Twitter Prospect Theory: An Analysis of Decision Under Risk by Daniel Kahneman and Amos Tversky Judgment under Uncertainty: Heuristics and Biases by Daniel Kahneman and Amos Tversky Foundations of Behavioral and Experimental Economics by Daniel Kahneman and Vernon Smith How to Measure Anything: Finding the Value of ‘Intangibles’ in Business Probability Management Conference Monte Carlo Simulation Moneyball The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty by Sam L. Savage