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Webinar | Risk Attitudes: What Are They and Why Do They Matter?
On-demand
Risk attitudes—or preferences towards uncertainty—describe how we balance our desire to avoid bad outcomes versus how much we want good outcomes, given both chances of occurring. They are often misunderstood and can have unintended consequences for decision outcomes.
Join Steve Begg, Emeritus Professor at the University of Adelaide, for this webinar where you'll learn what it really means to be risk averse, risk-neutral, or risk-seeking—and how these attitudes (and misunderstandings of them) impact personal and business decisions.
In this webinar, you'll learn:
Why you or your company can be risk averse even when there's no chance of loss.
The value implications of risk attitudes—whether subconscious or explicitly chosen.
How to use the Certain Equivalent as a simple way to choose between uncertain alternatives while incorporating your (chosen!) risk attitude.
Watch now
Speaker
Day 1
Steve Begg
Emeritus Professor at the University of Adelaide
Steve Begg is an Emeritus Professor at the University of Adelaide. His focus is on: tools and processes for decision-making; project/asset and portfolio economic evaluations; and psychological factors in eliciting expert opinions – particularly, bias identification, impact quantification and mitigation. Prior to moving to academia in 2002, he spent 19 years in industry in a variety of technical and management roles related to uncertainty (risk) and variability assessment/modelling , economic evaluation and decision-making: reservoir characterization researcher and Project Manager with BP Research; a variety of senior operational roles for BP Alaska; Director for Decision Science and Strategic Planning with Landmark (Halliburton). He has twice been an SPE Distinguished Lecturer on uncertainty & decision-making topics. In 2014, he was elected to the Board of the Society of Decision Professionals (SDP). In 2016 he received the SPE International Management Award for the for his work on biases in decision-making. He is co-author of the SPE book “Making Good Decisions” and has given many industry short courses and presentations on decision-making topics.
Kristiana Graves Floss
Senior Customer Marketing Strategist at Lumivero
Kristiana is a Senior Customer Marketing Strategist at Lumivero. Before coming to Lumivero, she worked as the Assistant Director of International Study at Wellesley College (her alma mater) from March 2015 to Oct 2021. While working at Wellesley, Kristiana earned an MA in International Education and Intercultural Relations from Lesley University. She gradated in May 2019. During her MA program, she conducted research on how secondary school study abroad can impact students' interests, motivations, and goals. As an undergraduate, Kristiana studied for a full academic year at Corvinus University in Budapest, Hungary. After graduating from Wellesley, she worked as an Educational Tour Consultant in the International Division at Worldstrides.
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