Finally a Book About Risk That Makes Sense For some time now we have been privileged to have Dr Robert Long writing some very interesting and provocative articles about creative and effective ways to manage risk in the workplace. They have proven very popular - See them all here You know all about … [Read more...] about Risk Makes Sense
risk aversion
Short-sighted Safety
Short-sighted Safety There is nothing more debilitating to human ‘being’ than hyper-fear, hyper-risk aversion and hyper-safety. Hyper-fear and hyper-risk aversion is the outcome of blind safety and ignorance. I was contacted by a person who is a parent at a school that had just banned children in … [Read more...] about Short-sighted Safety
Be Prepared for Risk
Be Prepared for Risk by Hayden Collins from http://www.riskintelligent.com.au/ I walked into McDonalds this week for a coffee and noticed that their latest placemat on their tray is a promotion for Scouts Australia (https://en.wikipedia.org/wiki/Scouts_Australia ). As I looked at this promotion … [Read more...] about Be Prepared for Risk
Failure Must be an Option
Failure Must be an Option The Australian Government wants to stimulate an innovation/ideas avalanche and have thrown $1.1 billion at trying to create a ‘boom’ of ‘agile’, ‘creative’ and ‘innovative’ people seeking to embrace risk … [Read more...] about Failure Must be an Option
The Risk Aversion Delusion
The Risk Aversion Delusion We learn yet again from the latest research that risk aversion is life and learning denying (see ABC NEWS). Research by Victorian Institute of Forensic Medicine specialist, Professor Ibrahim demonstrates that risk aversion robs people of dignity and independence. Risk … [Read more...] about The Risk Aversion Delusion
What is Your Risk iCue?
What is Your Risk iCue? When we think of the concept of intelligence we often think of a person’s IQ. The idea of an Intelligence Quotient is not reliable and only tests certain selected forms of literacy constrained by cultural biases. For example: the early settlers in Australia deemed that the … [Read more...] about What is Your Risk iCue?
Acceptable Risk as a Decision Making Process
Acceptable Risk as a Decision Making Process By Dr Rob Long We should all know that the assessment of risk is a subjective process, determined by hundreds of social and psychological factors. The idea that risk assessment is a rational process via assessment of frequency, consequence and severity … [Read more...] about Acceptable Risk as a Decision Making Process
It’s Official–Kids Should not be Wrapped in Cotton Wool
As reported in the UK Daily Telegraph, the head of the UK Health and Safety Executive, Judith Hackitt, has publicly stated that kids must be allowed to learn about risk in order to lead a normal life and be less naive about risk when they get out into the real world. In response to concerns … [Read more...] about It’s Official–Kids Should not be Wrapped in Cotton Wool
Was New York Shut Down by Safety Spuds?
Was New York Shut Down by Safety Spuds? How’s the discourse, by-products and trade-offs! On 26th January 2015, The US National Weather Service (NWS) predicted that a "potentially historic blizzard", possibly “the worst ever”, would strike the north eastern states. New York reacted by … [Read more...] about Was New York Shut Down by Safety Spuds?
Absolute Error Prevention
Absolute Error Prevention Safety is so easy, it’s all about error prevention. Safety is so simple, it’s all about risk aversion. Whilst both of these statements appear to be true, both are wrong. Safety is not simple and is not just about error prevention or risk aversion. Indeed, binary thinking … [Read more...] about Absolute Error Prevention
