(CRC Press, Boca Raton, FL) -- The consequences of taking on risk can be ruinous to personal finances, professional careers, corporate survivability, and even nation states. Yet many risk managers do not have a clear understanding of the basics. Requiring no statistical or mathematical background, The Fundamental Rules of Risk Management, by Nigel Da Costa Lewis (CRC Press, 2012), gives you the knowledge to successfully handle risk in your organization.

The book begins with a deep investigation into the behavioral roots of risk. Using both historical and contemporary contexts, Lewis carefully details the indisputable truths surrounding many of the behavioral biases that induce risk. He exposes the fallacy of the wisdom of experts, explains why you cannot rely on regulators, outlines the characteristics of the “glad game,” and demonstrates how high intelligence or lack thereof can lead to loss of hard-earned wealth. He also discusses the weaknesses and failures of modern risk management.

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