The Most Controversial Risk Thought Leader | Alexei Sidorenko - a podcast by LogicGate

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

Further episodes of GRC & Me

Further podcasts by LogicGate

Website of LogicGate