Vote for the best Risk book

I propose that members vote for the best Risk book they read and they can recommend. 


The best ten books voted will be displayed on our main page and people will have an opportunity to buy them via our site using our partnership deal with Amazon. 

We will announce the winners and try to interview them. By the way there are many authors among our members. My suggestion to them – don
t shy away and put your  book forward for the vote.

I look forward for your active participation.

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Replies

  • not much consensus! .. but repeated votes.
  • Black Swan
  • Value at Risk by Phillip Jorion
  • 'Managing Global Enterprise Risks' by Gary Toms
  • 'Fault Lines' by Raghuram Rajan of the University of Chicago. Hardcover: 272 pages. Publisher: Princeton University Press (May 24, 2010). This is not about the application of standard risk techniques. This is about the environment that all risk managers need to understand in order to operate in it. It is the complexity and the dynamics, mispricing of risk, reforms and other relevant issues that make it a compelling reading. Are current risk methodologies up to the task? You decide.
  • The Failure of Risk Management, Douglas Hubbard
  • The Flaw of Averages
  • Anticipating Correlations: A New Paradigm for Risk Management (Econometric Institute Lectures)
  • smrbok (Security risk management body of knowledge), authors James Talbot & Dr Miles Jakeman. It was originally sold through Risk Management Insititute Australia, not sure if it is available on Amazon..
  • For me, I would put forward some suggestions, two of which have already been put forward:

    "Against the Gods: The Remarkable Story of Risk" by Peter Bernstein;

    "The Black Swan" by Nicholas Taleb.

    Both these books brilliantly deconstruct our understanding of risk, and explain how, ultimately, risk "management" is a factor of behaviour and more to do with understanding pyschology than pure quantitative considerations.

    To thse I would add "The Rules of Risk: A Guide for Investors" by Ron S. Dembo, Andrew Freeman. Whilst it is ostensibly focussed upon market risk and investment decisions, it's focus upon the concept of "regret" in decision-making provides a relevance beyond its core focus.

    Another one I would also nominate "Risk Intelligence: Learning to Manage What We Don't Know" by David Apgar. It's distinction between "learnable" and "randon" risk extends its usefulness to other domains. Some might argue the extent to which risks are 'learnable" given the ramdon and complex nature of most risks, but the book's accessable style makes it worth the time to understand and absorb.
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