I always hated risk management conferences. And yet, I attended, presented and hosted dozens of risk management conferences all over the world. But something just wasn’t right. And I think I can now pin point what made me very sad at every risk management conference I attended — the quality…

Torsten Röhner, founder and managing director of Syconomic, demonstrates why financial models that do not account for probability are virtually meaningless. “Most innovations in financial modelling solve the wrong problem… They solve technical problems instead of overcoming flaws in the methodology,” Torsten Röhner, founder and managing director of Syconomic, told…

Despite the clickbait title, the messages are in the article are important to the risk profession and are purely practical. First few caveats, corporate reputation is important, even a perception of wrongdoings can affect funding, sales and cost of doing business. Importance of reputations for both profits and non-profits is…

Huge thank you to the 160K+ readers who visited the RISK-ACADEMY blog this year. 2021 brought a lot of risk management transformation. Not that there is much fundamentally new in the science of risk or decision making, but rather because more and more risk professionals come to a long overdue…

Research shows us that the context that we are in, both the physical and social environment, has a significant impact on our behavior. We talk more quietly in a library than in a bar. We look up at the sky because we see someone else doing it. …