Cognitive limitations and biases in risk decisions [electronic resource] / Laurel C. Austin.
Material type:
FilmSeries: Henry Stewart talksBusiness & management collection. Risk management for corporate leaders: Publisher: London : Henry Stewart Talks, 2012Description: 1 online resource (1 streaming video file (43 min.) : color, sound)Subject(s): Risk management -- Case studies | Risk management -- Decision making | RiskOnline resources: Click here to access online | Series Animated audio-visual presentation with synchronized narration.
Title from title frames.
Contents: Defining risk -- Risk decision biases -- Risk decision heuristics -- Perceptions of cancer clusters -- Intuitive risk perceptions -- Representativeness heuristic -- Errors in risk decisions -- Representativeness bias -- Confirmation bias -- Thinking about base rates -- Fallacy of the 'law' of small numbers -- Overconfidence bias -- Invulnerability bias -- Gambler's fallacy -- Belief in the hot hand -- Seeing patterns in random events -- Texas sharpshooter fallacy -- Implications for businesses -- Developing a culture of risk -- Instilling a culture of managing risk.
Access restricted to subscribers.
Mode of access: World Wide Web.