Douglas Hubbard, author of five risk management books and founder of Hubbard Decision Research, shares his holistic framework to harness the potential of quantitative methods, ensuring that your organisation remains at the forefront of informed and strategic decision-making

Doug Hubbard founded the uniquely powerful and proven Applied Information Economics (AIE) method. He is an entrepreneur, an accomplished consultant and an author of five books. He has transformed Risk Management into a competitive advantage for businesses across the globe.

In today’s data-driven world, the significance of quantitative methods in risk analysis cannot be overstated.

Numerous research studies have consistently indicated that relying solely on qualitative methods can not only stagnate decision-making processes but potentially deteriorate them. However, it’s essential to understand that quantitative risk analysis is merely a facet of the broader spectrum of quantitative decision-making.

Integrated decision management goes beyond just risk analysis. It encompasses the application of methods that have been rigorously tested in expansive clinical trials.

This approach aims to enhance and monitor the efficacy of models, measurement techniques, and even the precision of expert judgments.

Among the myriad of metrics that organisations prioritise, the performance of decision-making stands out as paramount. Surprisingly, it’s often one of the last metrics organisations focus on, despite its critical importance.

This workshop will introduce a holistic framework, shedding light on how to seamlessly integrate empirical methods, cutting-edge algorithms, and the intricate psychology behind decisions and estimates.

The goal is to equip risk managers with the knowledge and tools to elevate one of the most crucial aspects of organisational management. 

This is a Risk Awareness Week workshop, shared exclusively for StrategicRISK readers. To download other workshops from the conference, click here.