Challenges in Applying Risk Management Concepts in Practice: A Perspective

IF 1.1 Q3 BUSINESS, FINANCE

Risk Management and Insurance Review Pub Date : 2018-09-01 DOI:10.1111/RMIR.12106

Annette Hofmann, N. Scordis

引用次数: 2

Abstract

The existing concepts of risk management face challenges when applied in practice. The perception of risk depends on the observer's cognitive biases and worldview, which nuance risk‐related decisions. How an observer decides also depends on the metric used to quantify risk. While there is extensive literature on how people perceive risk, and on how to price risk in relation to the market, there is little on how to price risk according to how risks interact within the firm. The article concludes with a suggestion (and includes relevant citations) for a way forward.

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在实践中应用风险管理概念的挑战:一个视角

现有的风险管理概念在实际应用中面临挑战。对风险的感知取决于观察者的认知偏差和世界观，这对风险相关的决策有细微的影响。观察者如何决定也取决于用于量化风险的度量。虽然关于人们如何感知风险以及如何根据市场对风险进行定价的文献很多，但关于如何根据风险在公司内部的相互作用对风险进行定价的文献却很少。文章最后提出了前进的建议(包括相关的引用)。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Risk Management and Insurance Review Economics, Econometrics and Finance-Finance

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： Risk Management and Insurance Review publishes respected, accessible, and high-quality applied research, and well-reasoned opinion and discussion in the field of risk and insurance. The Review"s "Feature Articles" section includes original research involving applications and applied techniques. The "Perspectives" section contains articles providing new insights on the research literature, business practice, and public policy. The "Educational Insights" section provides a repository of high-caliber model lectures in risk and insurance, along with articles discussing and evaluating instructional techniques.