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All decisions are risky, so it’s time to stop talking about 'risk-based decision-making'

from By Dr. David Hillson

MULTIBRIEFS EXCLUSIVE All decisions are risky, so it’s time to stop talking about 'risk-based decision-making' By Dr. David Hillson The idea of "risk-based decision-making" is becoming increasingly popular, and decision-makers at all levels are keen to ensure that their decisions take risk properly into account. But perhaps the term "risk-based decision-making" is mistaken. Surely all decisions are risk-based, by definition? Whenever we encounter a situation where we need to make a decision, two vital characteristics are always present. Every decision involves uncertainty, and the outcome of every decision matters. READ MORE

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