As geopolitical tension, policy volatility, economic uncertainty, and accelerating technological change intensify, many organizations continue to rely on inward-looking risk models that fail to ...

Decision making under risk and uncertainty encompasses a broad spectrum of theoretical and empirical approaches aimed at understanding how individuals evaluate probabilistic outcomes under various ...

Risk management practice, on which current AI governance and regulation are based, differs substantially from managing in the face of uncertainty. Generative pretrained AI applications are complex and ...

This is a preview. Log in through your library . Abstract This contribution evokes Orio Giarini’s courage to think ‘outside the box’. It proposes a practical way to bridge the gap between risk (where ...

In one research study, participants were given a choice: Either they could pay $38 to guarantee they would get a $50 gift certificate, or they could pay $28 to enter a lottery for a chance to win ...

Focused doubtful mature businessman reading contract document thinking considering risks with professional lawyers legal experts executive team analyzing financial report sitting at office table.

"A ship is safe in harbor, but that's not what ships are for." –William G.T. Shedd Source: IMPhoto1/Shutterstock Life presents us with defining moments—opportunities to step forward into the unknown ...

Most investors wait for markets to “feel safe” before putting money to work—and that’s exactly when opportunity has passed.

Risk aversion is a fundamental trait shaping how individuals, firms and policymakers respond to uncertain outcomes. It encapsulates the preference for certain outcomes over gambles with equivalent ...