The Failure of Risk Management Audiobook By Douglas W. Hubbard cover art

The Failure of Risk Management

Why It's Broken and How to Fix It, 2nd Edition

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The Failure of Risk Management

By: Douglas W. Hubbard
Narrated by: Stephen Bel Davies
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About this listen

The Failure of Risk Management provides effective solutions to significant faults in current risk analysis methods. Conventional approaches to managing risk lack accurate quantitative analysis methods, yielding strategies that can actually make things worse. Many widely used methods have no systems to measure performance, resulting in inaccurate selection and ineffective application of risk management strategies. These fundamental flaws propagate unrealistic perceptions of risk in business, government, and the general public.

This book provides expert examination of essential areas of risk management, including risk assessment and evaluation methods, risk mitigation strategies, common errors in quantitative models, and more. Guidance on topics such as probability modelling and empirical inputs emphasizes the efficacy of appropriate risk methodology in practical applications.

Recognized as a leader in the field of risk management, author Douglas W. Hubbard combines science-based analysis with real-world examples to present a detailed investigation of risk management practices. This revised and updated second edition includes expanded coverage of innovative statistical methods and new cases of current risk management issues such as data breaches and natural disasters.

©2020 Douglas W. Hubbard (P)2020 Gildan Media
Corporate Insurance Leadership Business Risk Management
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Put this in the “must read” category.

Excellent overview on the topic, and so telling for how many of the risk models that are widely known and accepted are not performing as they should. If you are creating serious risk formulas or managing those that do, this is a must read.

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Ready to shake your world?

Compelling and insightful. Caution: understanding the concepts put forth in this book will ruin your current (happily ignorant) acceptance of the article irresponsible and juvenile state of IT risk management promulgated by the industry and its lazy standards and certification bodies. Proceed at your own risk.

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Amazing delivery of this subject

The narrator does the impossible, helping the listener stay with the author on such a technical subject. Helps that the author is such a great communicator.

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You don't know what you don't know

Contrary to the authors belief, Taleb does cite some practical ideas for dealing with the unknown unknown. Utility Theory, diversification and re-insuring are just a few.

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