A Behavioral and Cognitive Approach to Enterprise Risk Management

<p><strong style=background-color: rgba(255 255 255 1); color: rgba(51 51 51 1)>A Behavioral and Cognitive Approach to Enterprise Risk Management</strong><span style=background-color: rgba(255 255 255 1); color: rgba(51 51 51 1)> underscores the vital alignment of behavioral economics with enterprise risk management (ERM) challenging traditional models predicated solely on rational decision-making.</span></p><p></p><p><span style=background-color: rgba(255 255 255 1); color: rgba(51 51 51 1)>The text assumes minimal familiarity with behavioral economics and neuroscience and some familiarity with ERM concepts and frameworks. Chapters 2 through 5 lay the groundwork for understanding behavioral forces and the cognitive biases that results from them in the context of making decisions under uncertainty. Chapters 6 and 7 detail techniques for mitigating bias and leveraging bias to produce better decisions. Chapters 8 through 12 discuss behavioral issues that arise during the various stages of ERM. Chapters 13 and 14 cover special topics in decision-making regarding groupthink and capital budgeting.</span></p><p></p><p><strong style=background-color: rgba(255 255 255 1); color: rgba(51 51 51 1)>A Behavioral and Cognitive Approach to Enterprise Risk Management</strong><span style=background-color: rgba(255 255 255 1); color: rgba(51 51 51 1)> encourages a deep comprehension of cognitive biases and heuristics. It is well-suited for graduate-level courses exploring enterprise risk management and business decision-making.</span></p>