The human dimension of risk is an important and under-explored aspect of risk management issues. How we perceive risk, and understanding patterns of behaviour and seeing how these relate to the processes of decision-making and policy development needs greater exploration. The School’s Cambridge Centre for Risk Studies 2nd Annual Meeting – ‘The Human Dimension of Risk: Perception, Behaviour and Decision-Making in Risk Management’ – took on that gigantic challenge.
‘Values’, say Alan Smith, Global Head of Risk Strategy at HSBC have become even more important in this ‘complex’ age of banking. Commenting in a personal capacity, he said the ‘wisdom’ of risk managers will be ever more important.