Texas Enterprise Speaker Series: The Next Round of Health Care Reform: Texas, the United States, and the World
Audience: All McCombs Alumni
Date: Friday, April 14, 2017, 11:30am - 1:00pm
Location: AT&T Executive Education and Conference Center, Room 203, 1900 University Ave. Austin, TX 78705
Risk is inherent to any business, but not all types of risk are fully understood and they can be very difficult to properly quantify and manage. Furthermore, some industries are inherently riskier than others. The question becomes: How can you make a rational economic decision when you don’t fully understand the nature of the risks you face or have all of the tools necessary to quantify, analyze and address them?
In this talk by McCombs' Distinguished Senior Lecturer Britt Freund and UT Bureau of Economic Geology’s Chief Energy Economist Michelle Foss, we’ll explore the nature of risk analysis and discuss strategies for effectively addressing certain types of risk, using the oil and gas industry as an example. Register now!
What you will learn:
• How do people make difficult decisions when risks are unknown?
• Can you always make a rational economic decision if you properly consider all of the risks?
• What biases affect decision analysis?
• How does a corporation’s culture affect how people make decisions?
• When analyzing information, what is the threshold of evidence necessary to make a decision or override a previous one?
• Can you afford to protect against tail risk and at what level?
Contact the Alumni Relations Office at email@example.com.