All on the same train, but heading in different directions

Underwood, A., Thompson, M., & Ingram, D. (2014). All on the same train, but heading in different directions. Intelligent Risk 09 (2014) 44-53.

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Insurance company managers are surveyed to discern their alignment with four risk attitudes predicted by Plural Rationality Theory. Each company management team is shown to contain a mix of beliefs, but not always the same mix. Since each belief is tied to a different expectation for appropriate risk management, there are inherent conflicts with a risk management culture that is tied to a single belief. The paper concludes with descriptions of hybrid risk management cultures that would have some appeal to various pairs of the four beliefs.

Item Type: Article
Research Programs: Risk & Resilience (RISK)
Risk and Vulnerability (RAV)
Risk, Policy and Vulnerability (RPV)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:51
Last Modified: 27 Aug 2021 17:39

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