Assignment
Instructions
Provide an analysis of your employer's or another company's risk tolerance and risk exposure. Include the impact this tolerance and exposure may have on potential outcomes. Be sure to include a numerical risk analysis for full points. The numerical portion can be as simple as the important and likelihood scale in the text or as complicated as the financial impact spreadsheet provided in this module.The article on risk assessment will be helpful.
Select and include some paraphrased content relating to risk from one of the following sources from the SPC electronic library within the EBSCOhost set of databases. Each of the following is an incorrect APA reference, they do not have the page numbers. You will have to include a proper APA reference to avoid a significant penalty.
Kahneman, D., &Lovallo, D. (1993). Timid choices and bold forecasts: A cognitive perspective on risk taking. Management Science, 39. doi: 10.1287/mnsc.39.1.17
Kahneman, D., Lovallo, D., &Sibony, O. (2011a). Before you make that big decision. Harvard Business Review, 89(6).
Lovallo, D., &Kahneman, D. (2000). Living with uncertainty: Attractiveness and resolution timing. Journal of Behavioral Decision Making, 13(2).
Lovallo, D., &Kahneman, D. (2003). Delusions of success. Harvard Business Review, 81(7).
Additional Article:
Crickette, G., Deimian, R., Fox, C., Hach, J., Makomaski, J., Mazumadar, R & McGuire, R. (2012). Exploring risk appetite and risk tolerance. (RIMS Executive Report). Retrieved from Risk and Insurance Management Society website: https://www.rims.org/resources/ERM/Documents/RIMS_Exploring_Risk_Appetite_Risk_Tolerance_0412.pdf
Any in text cite would be shown as (Crickette et al., 2012) since the article contains more than 6 authors.
Required:
• The assignment should contain your opinion substantiated by theories from the reading and content from one of the articles above.
• The response should include a numerical risk analysis.
• The length should be between 600 and 800 words (excluding the title page and references).
• Formal writing is required using APA.
• Copied input, quotations, and paraphrasing require citations and references conforming to APA 6th edition standards.