Risk Thinking (Paperback)

Ron S. Dembo

ISBN 10: 1665707011 / ISBN 13: 9781665707015

Editore: Archway Publishing, 2021

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Paperback. Risk Thinking is a book about codifying common sense in a world of radical uncertainty. Our brains are wired to think forward, to imagine future situations, and to plan for the unknown. It is an ability engrained in our genetic software, but corporations and governments continue to rely on flawed forecasting to try and predict the unpredictable. This book advocates a new, more realistic approach to analyzing risk and strategizing-one that is less reliant on a single solution or unnuanced forecast. The approach is forward looking and accounts for the extreme events that may occur, and often do. It is one that uses the wisdom of a diverse set of experts whose views may be used to span the range of possible future events. They help us look for the situations that we cannot see, where the light does not shine. We use them to handle the radical uncertainty we face from climate change, pandemics, cyber and other radical risks. Risk Thinking gets us away from forecasting, which we know does not work as uncertainty becomes more extreme. It is as useful in everyday life as it is to make crucial decisions in business or government. This century is one of radical uncertainty. We hope risk thinking will enter the lexicon of all those whose decisions and strategy affect our lives. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Codice articolo 9781665707015

Dati bibliografici

• Titolo: Risk Thinking (Paperback)
• Editore: Archway Publishing
• Data di pubblicazione: 2021
• Lingua: Inglese
• ISBN 10: 1665707011
• ISBN 13: 9781665707015
• Rilegatura: Paperback
• Condizione: new

Descrizione articolo

Riassunto

Our age of radical uncertainty requires a new way of assessing risk that pays more attention to the extreme outliers that too often become tomorrow's reality.

Today's models cannot cope with the frightening new unpredictable risks we face every day that frequently seem to come out of left field - the effects of climate change, a killer pandemic, a cascading wildfire, a financial crisis triggered by faceless algorithms, or a devastating cyber-attack that shuts down the electric power grid.

This accessible book advocates a new, more realistic approach to analyzing risk and strategizing-one that is less reliant on a single solution or unnuanced forecast. They help us look for the almost unimaginable situations that we cannot see.

The book targets non-technical and technical individuals who are faced with complex decisions. Here is what some thought leaders are saying about "Risk Thinking."

"Had we central bankers employed Dembo's risk thinking approach and analytical tools we could have avoided the Great Financial Crisis." David Dodge, former Governor of the Bank of Canada

"A provocative and clear manual for anyone trying to assess risks today" -Gillian Tett, Financial Times, Editorial Board and Editor-at-large, U.S.

"Enjoy this book. It is insightfully written, fun to read and assess risks to navigating our uncertain future" -Col Chris Hadfield, engineer, test pilot and astronaut. Formerly Commander of the International Space Station, and Nasa Director of Operations in Russia.

"We can all think of major recent failures to manage risk: in the economy, financial services, health care and climate change....as the world becomes more complex, managing risk will become more important and more difficult. This book provides an effective and refreshingly practical framework for addressing this challenge". -Mike Pedersen, Chairman Business Development Bank of Canada, Former President at and CEO, TD Bank, America's Most Convenient Bank.

In Risk Thinking, Ron Dembo gives the reader tools to unravel the mysteries of risk in an accessible and eloquent way. This is a must read for any strategic thinker and emerging leader looking to thrive in an uncertain world." Dr. Phil De Luna, Carbontech Innovator and selected as one of Forbes 30 Under 30.