The Failure of Risk Management
Douglas Hubbard's critique of common risk management practices and evidence-based alternatives.
Why Read This Book?
Hubbard systematically dismantles ineffective risk practices and offers superior alternatives.
Key Takeaways
- Risk matrices can lead to worse decisions than no analysis
- Qualitative scales hide important information
- Proper calibration dramatically improves estimates
- Monte Carlo simulation is more practical than assumed
Who Should Read
Anyone frustrated with checkbox compliance approaches to risk.