Risks Worth Taking: How Businesses Decide, and Why They Often Choose Poorly

Arnold Barnett – MIT Sloan School of Management

Describing, accommodating, and even exploiting risk are central to the modern workings of society. But measuring risk sensibly and devising strategies to cope with it, pose formidable practical and intellectual challenges. Here we discuss several risk analyses on subjects ranging from Business Analytics to personal health and safety. The talk is meant to be self-contained, meaning that there are no prerequisites in Mathematics or Economics.