Genre: Risk Psychology

Risk Savvy

A fascinating, practical guide to making better decisions with our money, health and personal lives from Gerd Gigerenzer, the author of Reckoning with Risk.Risk-taking is essential for innovation, fun, and the courage to face the uncertainties in life. Yet for many important decisions, we’re often presented with statistics and probabilities that we don’t really understand and we inevitably rely on experts in the relevant fields – policy makers, financial advisors, doctors – to analyse and choose for us. But what if they don’t quite understand the way the information is presented either?How do we make sure we’re asking doctors the right […]

Genre: Financial Risk, Risk Psychology

Risk Intelligence: How to Live with Uncertainty

  There is a special kind of intelligence for dealing with risk and uncertainty. It doesn’t correlate with IQ and most psychologists fail to spot it because it is found in such a disparate, rag-tag group of people such as weather-forecasters, professional gamblers and hedge-fund managers. This book shows just how important risk intelligence is. Many people in positions which require high risk intelligence – doctors, financial regulators and bankers – seem unable to navigate doubt and uncertainty. Risk Intelligence is a traveller’s guide to the twilight zone of probabilities and speculation. Dylan Evans shows us how risk intelligence is […]

Genre: Psychology, Risk Psychology

The Human Element: A Guide to Human Behaviour in the Shipping Industry

  Based on a wide range of consultations with maritime organisations, the guide was produced by organisational psychologists GS Partnership Ltd, for consortium partners UK Maritime and Coastguard Agency, BP Shipping, Teekay Marine Services, and the Standard P&I Club. Aimed at everyone in the shipping industry, the Guide explains the fundamental aspects of human behaviour, which together constitute what the commercial maritime sector calls ‘the human element’. It makes clear that the human element is neither peripheral nor optional in the pursuit of a profitable and safe shipping industry. The Guide clearly shows that managing the human element must take […]

Genre: Risk Management, Risk Psychology

Understanding and Managing Risk Attitude

  Despite many years of development, risk management remains problematic for the majority of organisations. One common challenge is the human dimension, in other words, the way people perceive risk and risk management. Risk management processes and techniques are operated by people, each of whom is a complex individual, influenced by many different factors. And the problem is compounded by the fact that most risk management involves people working in groups. This introduces further layers of complexity through relationships and group dynamics. David Hillson’s and Ruth Murray-Webster’s “Understanding and Managing Risk Attitude” will help you understand the human aspects of […]

Genre: Risk Psychology

The Disciplined Trader: Developing Winning Attitudes

  With rare insight based on his first-hand commodity trading experience, Mark Douglas demonstrates why the beliefs learned to function effectively in society are often formidable psychological barriers in trading. “The Disciplined Trader” helps you join the elite few who have learned how to control their trading behaviour by developing a systematic, step-by-step approach for winning — week after week, month after month. In a comprehensive and logical manner, Mark Douglas shows you how to examine and limit your trading behaviour — how to develop the mental discipline possessed by the small minority of winners who make money consistently.Mark Douglas […]

Genre: Financial Risk, Risk Psychology


    Risk compensation postulates that everyone has a “risk thermostat” and that safety measures that do not affect the setting of the thermostat will be circumvented by behaviour that re-establishes the level of risk with which people were originally comfortable. It explains why, for example, motorists drive faster after a bend in the road is straightened. Cultural theory explains risk-taking behaviour by the operation of cultural filters. It postulates that behaviour is governed by the probable costs and benefits of alternative courses of action which are perceived through filters formed from all the previous incidents and associations in the […]

Genre: Risk Psychology