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THE FAILURE OF RISK MANAGEMENT

Douglas W. Hubbard

 

Subtitle: Why it's Broken and How to Fix It, John Wiley & Sons, NY.,2009, 281 pgs., index, notes, appendix

 
 

Reviewer comment -There is a review by James Freeman in WSJ and one by Peter Wallison in Barron's

 
 

Part One: An Introduction to the Crisis

 
 

Chapter 1 - Healthy Skepticism for Risk Management

 
 

Chapter 2 - Risk Management: A Very Short Introduction to Where We've Been and Where (We Think) We are

 
 

Chapter 3 - How Do We Know What Works?

 
 

Chapter 4 - The "Four Horsemen" of Risk Management: Some (Mostly) Sincere Attempts to Prevent an Apocalypse

 
 

Chapter 5 - An Ivory Tower of Babel: Fixing the Confusion about Risk

 
 

Chapter 6 - The Limits of Expert Knowledge: Why We Don't Know What We Think We Know about Uncertainty

 
 

Chapter 7 - Worse Than Useless: The Most Popular Risk Assessment Method and Why it Doesn't Work

 
 

Chapter 8 - Black Swans: Red herrings, and Invisible Dragons: Overcoming Conceptual Obstacles to Improved Risk Management

 
 

Chapter 9 - Where Even the Quants Go Wrong: Common and Fundamental Errors in Quantitative Models

 
 

Chapter 10 - The Language of Uncertain Systems: The First Step Toward Improved Risk Management

 
 

Chapter 11 - The Outward-Lookihng Modeler: Adding Emperical Science to Risk

 
 

Chapter12 - The Risk Community: Intra-and Extraorganizational Issues of Risk Management

 

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