TY - ADVS AU - Austin,Laurel C. TI - Cognitive limitations and biases in risk decisions T2 - Risk management for corporate leaders, PY - 2012/// CY - London PB - Henry Stewart Talks KW - Risk management KW - Case studies KW - Decision making KW - Risk N1 - 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 UR - https://hstalks.com/bm/2417/ UR - https://hstalks.com/bm/p/694/ ER -