This seminal work reveals how age, education, income, industry, firm size, and other factors affect a manager's willingness to take risks.
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Editorial Reviews
Review
Business Fascinating...should appeal to all managers for whom risk is an integral part of business life.
Howard Kunreuther Professor of Decision Sciences and Public Management, Director of the Center for Risk and Decision Processes, The Wharton School This is the first time that extensive data on executive attitudes toward risk has been pulled together and analyzed...Very solid...will be of great interest to business managers and consultants as well as academics in business schools.
James S. Dyer Foster Parker Centennial Professor of Management and Finance, University of Texas -- Austin Taking Risks is an excellent book -- by far the most authoritative and comprehensive study of risk taking that I have ever seen. Must reading for business executives, social scientists, government officials, management scholars -- anyone who faces the real-world pressures of malting decisions or seeks to understand the processes behind them.
Howard Kunreuther Professor of Decision Sciences and Public Management, Director of the Center for Risk and Decision Processes, The Wharton School This is the first time that extensive data on executive attitudes toward risk has been pulled together and analyzed...Very solid...will be of great interest to business managers and consultants as well as academics in business schools.
James S. Dyer Foster Parker Centennial Professor of Management and Finance, University of Texas -- Austin Taking Risks is an excellent book -- by far the most authoritative and comprehensive study of risk taking that I have ever seen. Must reading for business executives, social scientists, government officials, management scholars -- anyone who faces the real-world pressures of malting decisions or seeks to understand the processes behind them.
About the Author
Kenneth R. MacCrimmon is Earle Douglas McPhee Professor of Management, Faculty of Commerce and Business Administration, the University of British Columbia. The former J.L. Kellogg Distinguished Professor of Strategy and Decision at Northwestern University, he is internationally known for his work on decision making, risk taking, and strategic management.
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Most Helpful Customer Reviews
2.0 out of 5 stars
Dry and Too Technical,
By
This review is from: Taking Risks (Paperback)
This book seems at first to appeal to a more general audience, but then drowns the first chapter in technical and dry prose. Although the author clearly knows his material, the delivery was so dry that it was difficult to get through. The title proves different than the content, because it really deals less with helping readers to take risks, but seems more about the field of risk management. I think the author intended this book for professionals in the field, but for generalists who want to understand risk, I would recommend other books. For instance, "Predictably Irrational" by Dan Ariely and "Feel the Fear...And Do It Anyway" are much better books for personal and professional development when it comes to risk and fear.
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Inside This Book
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First Sentence:
Some risks such as natural disasters are dramatically obvious, and they affect many people. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
consistent risk takers, riskiest wager, relative risk takers, three attitude measures, similar risk propensities, time deliberating decisions, focal ranking, safest venture, wager attributes, current net wealth, having equal expected payoffs, key uncertain events, real money wagers, risky business situations, probability premiums, equivalence format, uncertain wagers, personal net wealth, preferred wager, memo risk, risk propensity, investment gambles, riskiest categories, standardized situations, randomly chosen stocks Key Phrases - Capitalized Phrases (CAPs): (learn more)
Risk In-Basket, Risk-Return Rankings, Basic Risk Paradigm, Personal Risk Profile, Business Risk Profile, General Questionnaire, Alan Abbot, Bill Baxter, Rolls Royce, Societal Attitude Questionnaire, Are the Executives Risk-Averse, Bill Bickner, Personal Financial Business, Spatial Representation of Relationships, The Individual Risk Profile, United States New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Some risks such as natural disasters are dramatically obvious, and they affect many people. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
consistent risk takers, riskiest wager, relative risk takers, three attitude measures, similar risk propensities, time deliberating decisions, focal ranking, safest venture, wager attributes, current net wealth, having equal expected payoffs, key uncertain events, real money wagers, risky business situations, probability premiums, equivalence format, uncertain wagers, personal net wealth, preferred wager, memo risk, risk propensity, investment gambles, riskiest categories, standardized situations, randomly chosen stocks Key Phrases - Capitalized Phrases (CAPs): (learn more)
Risk In-Basket, Risk-Return Rankings, Basic Risk Paradigm, Personal Risk Profile, Business Risk Profile, General Questionnaire, Alan Abbot, Bill Baxter, Rolls Royce, Societal Attitude Questionnaire, Are the Executives Risk-Averse, Bill Bickner, Personal Financial Business, Spatial Representation of Relationships, The Individual Risk Profile, United States New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
50
books
cite this book:
See all 50 books citing this book
- Soziologie Des Risikos (German Edition) by Niklas Luhmann on page 29, and page 214
- Supply Chain Risk by Clare Brindley on page 13, and page 42
- Supervising Student Employees in Academic Libraries: A Handbook by David A. Baldwin on page 123, and Back Matter
- The Pursuit of Organizational Intelligence: Decisions and Learning in Organizations (Blackwell Business) by James G. March on page 96, and page 221
- on page 157, and Back Matter
See all 50 books citing this book
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