This textbook underscores the vital alignment of behavioral economics with enterprise risk management (ERM), challenging traditional models predicated solely on rational decision-making. The text assumes minimal familiarity with behavioral economics and neuroscience, and some familiarity with ERM concepts and frameworks. It encourages a deep comprehension of cognitive biases and heuristics and is well-suited for graduate-level courses exploring enterprise risk management and business decision-making.
This textbook underscores the vital alignment of behavioral economics with enterprise risk management (ERM), challenging traditional models predicated...