perception (2)

Perception of risk in investment decisions is an emerging topic in behavioral finance discussions. Inspired by recent Chinese financial market turbulence, I will briefly present here main points of the risk perception issue, mainly picked up from much more descriptive Victor Ricciardi's article (Ricciardi, 2010) [1], which I found suitable for a blog form.


1. Perception of Risk

Perception is how we become conscious about the world and ourselves in the world. Perception is also fundamental to unde

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Some five to ten years ago, a Project Controls colleague asked an interesting question. It is about the analysis/reports that our PC Group completes periodically. Some of the reports are “as required” but most times on a fixed cycle; e.g. bi-weekly, monthly, quarterly and annually.

He asked us, “What are the attributes of a good variance analysis?”

Reflecting on the questions, all which matter most, came pouring forth. While writing the bulleted central piece of what a good analysis/report is like

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