GRC & Me

The Most Controversial Risk Thought Leader | Alexei Sidorenko


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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

    ...more
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