Behavioral Risk Management: Managing the Psychology That Drives Decisions and Influences Operational Risk

This original book takes psychological research, experimental economics, and recent business scenarios to provide both students and practitioners with the insights to develop a strong risk management strategy. Shefrin draws on his previous research into characterizing organizational culture through the perspective of a process-pitfall lens.

Author: Hersh Shefrin
Publisher: Palgrave MacMillan
Published: 01/11/2016
Pages: 518
Binding Type: Hardcover
Weight: 1.70lbs
Size: 9.30h x 6.10w x 1.80d
ISBN13: 9781137445605
ISBN10: 1137445602
BISAC Categories:
- Business & Economics | Decision Making & Problem Solving
- Business & Economics | Insurance | Risk Assessment & Management
- Business & Economics | Banks & Banking

About the Author
Hersh Shefrin is the Mario L. Belotti Professor of Finance at Santa Clara University, USA. He is one of the pioneers in the behavioral approach to economics and finance. His book Beyond Greed and Fear provided the first comprehensive treatment of behavioral finance, and was written for practitioners as well as academics. In 2009, JP Morgan Chase placed it among the top ten books published since 2000. Among Shefrin's other books are A Behavioral Approach to Asset Pricing, Behavioral Corporate Finance, Ending the Management Illusion, and Behavioralizing Finance. Shefrin has spent his entire career studying risk from different angles. His work in mathematics has focused on Bayesian combinatorics. His work in economics has focused on uncertainty. His work in finance has focused on the psychology of risk. In addition to his experience as audit committee chair, his consulting work with large financial institutions has focused on behavioral risk management. He is currently teaching full-length professional development courses for executives in behavioral risk management at NYU and the Amsterdam Institute of Finance.