The Failure of Risk Management: Why It's Broken and How to Fix It 2nd Edition

Douglas W. Hubbard

Apr 2020 · Gildan Media · Narrated by Stephen Bel Davies

About this audiobook

The Failure of Risk Management provides effective solutions to significant faults in current risk analysis methods. Conventional approaches to managing risk lack accurate quantitative analysis methods, yielding strategies that can actually make things worse. Many widely used methods have no systems to measure performance, resulting in inaccurate selection and ineffective application of risk management strategies. These fundamental flaws propagate unrealistic perceptions of risk in business, government, and the general public. This book provides expert examination of essential areas of risk management, including risk assessment and evaluation methods, risk mitigation strategies, common errors in quantitative models, and more. Guidance on topics such as probability modelling and empirical inputs emphasizes the efficacy of appropriate risk methodology in practical applications. Recognized as a leader in the field of risk management, author Douglas W. Hubbard combines science-based analysis with real-world examples to present a detailed investigation of risk management practices. This revised and updated second edition includes expanded coverage of innovative statistical methods and new cases of current risk management issues such as data breaches and natural disasters.

About the author

Douglas W. Hubbard is the inventor of Applied Information Economics (AIE) and the author of The Failure of Risk Management: Why It's Broken and How to Fix It.

Stephen Bel Davies has recorded over a hundred titles in association with Audible Studios, Deyan Audio, Brilliance, and Tantor. Trained at The Juilliard School Drama Division, he has narrated books by a number of New York Times bestselling authors.