Psychological and Behavioural Aspects of Risk

Risk management is an ongoing concern for modern organizations in terms of their finance, their people, their assets, their projects and their reputation. The majority of the processes and systems adopted are either very financially oriented or fundamentally mechanistic; often better suited to codifying and recording risk, rather than understanding and working with it. Risk is fundamentally a human construct; how we perceive and manage it is dictated by our attitude, behaviour and the environment or culture within which we work. Organizations that seek to mitigate, manage, transfer or exploit risk need to understand the psychological factors that dictates the response and behaviours of their employees, their high-flyers, their customers and their stakeholders. This series, edited by two of the most influential writers and researchers on organizational behaviour and human psychology explores the psychological and behavioural aspects of risk; the factors that: * define our attitudes and response to risk: * are important in understanding and managing 'risk managers' * dictate risky behaviour in individuals at all levels.