LEADER 03948nam 22007095 450 001 9910254885203321 005 20240702112606.0 010 $a9781137445629 010 $a1137445629 024 7 $a10.1057/9781137445629 035 $a(CKB)3710000000653531 035 $a(SSID)ssj0001668812 035 $a(PQKBManifestationID)16461443 035 $a(PQKBTitleCode)TC0001668812 035 $a(PQKBWorkID)15002622 035 $a(PQKB)11234978 035 $a(DE-He213)978-1-137-44562-9 035 $a(MiAaPQ)EBC4716715 035 $a(Perlego)3505668 035 $a(EXLCZ)993710000000653531 100 $a20160126d2016 u| 0 101 0 $aeng 135 $aurnn#008mamaa 181 $ctxt 182 $cc 183 $acr 200 10$aBehavioral Risk Management $eManaging the Psychology That Drives Decisions and Influences Operational Risk /$fby Hersh Shefrin 205 $a1st ed. 2016. 210 1$aNew York :$cPalgrave Macmillan US :$cImprint: Palgrave Macmillan,$d2016. 215 $a1 online resource (XXI, 518 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781137445605 311 08$a1137445602 311 08$a9781349554201 311 08$a1349554200 330 $aThe psychological dimension of managing risk is of crucial importance, and its study has led to the identification of specific do's and don'ts. Those with an understanding of the psychology underlying risk and the skills to recognize its manifestation in practice, have the opportunity to develop frameworks that embody the do's and don'ts, thereby producing sound judgments and good decisions. Those lacking the understanding and the skills are destined to be more hit and miss in their approach to risk management, doing the don'ts and not doing the do's. Virtually every major risk management catastrophe in the last fifteen years has psychological pitfalls at its root. The list of catastrophes includes the 2008 bankruptcy of Lehman Brothers and subsequent global financial crisis, the 2010 explosion at BP's Macondo well in the Gulf of Mexico and the 2011 nuclear meltdown at the Fukushima Daiichi power plant. A critical lesson from psychological studies for those involved in risk management is that people's judgments and decisions about risk vary with type of circumstance. In Behavioral Risk Management readers will learn that there are specific actions that organizations can undertake to incorporate understanding, recognition, and behavioral interventions into the practice of risk management. There are many examples throughout the book that illustrate doing the don'ts. The chapters in the first part of the book introduce the main ideas, and the chapters in the latter part provide insight into how to apply those ideas to the practical world in which risk managers operate. 606 $aFinancial risk management 606 $aFinancial services industry 606 $aBusiness enterprises$xFinance 606 $aIndustrial management$xEnvironmental aspects 606 $aOperations research 606 $aRisk Management 606 $aFinancial Services 606 $aCorporate Finance 606 $aCorporate Environmental Management 606 $aOperations Research and Decision Theory 615 0$aFinancial risk management. 615 0$aFinancial services industry. 615 0$aBusiness enterprises$xFinance. 615 0$aIndustrial management$xEnvironmental aspects. 615 0$aOperations research. 615 14$aRisk Management. 615 24$aFinancial Services. 615 24$aCorporate Finance. 615 24$aCorporate Environmental Management. 615 24$aOperations Research and Decision Theory. 676 $a658.4/03019 700 $aShefrin$b Hersh$4aut$4http://id.loc.gov/vocabulary/relators/aut$0281036 906 $aBOOK 912 $a9910254885203321 996 $aBehavioral Risk Management$92124926 997 $aUNINA