Douglas W. Hubbard Books
Douglas W. Hubbard is an American author and consultant known for his work in quantitative analysis and decision science.
Known for: The Failure of Risk Management: Why It's Broken and How to Fix It
Books by Douglas W. Hubbard
The Failure of Risk Management: Why It's Broken and How to Fix It
The Failure of Risk Management: Why It's Broken and How to Fix It examines the widespread misuse of risk analysis methods and offers a practical framework for improving decision-making under uncertainty. Douglas W. Hubbard critiques common risk management practices and introduces calibrated risk analysis techniques that help organizations make more accurate and data-driven assessments of risk.
Read SummaryKey Insights from Douglas W. Hubbard
Common Misconceptions
Too many organizations think of risk in ways that feel organized but are in fact misleading. They create charts, assign scores from one to five, and call it quantitative assessment. But the dirty secret of these conventions is that they don’t correspond to measurable probabilities. A '5' in likeliho...
From The Failure of Risk Management: Why It's Broken and How to Fix It
The Illusion of Control
Subjective risk matrices allow decision-makers to feel in control when they are not. The problem is structural: the categories they use are arbitrary, the scales nonlinear, and the results unvalidated. The executives feel reassured when they see red and green boxes neatly arranged on a slide, yet th...
From The Failure of Risk Management: Why It's Broken and How to Fix It
About Douglas W. Hubbard
Douglas W. Hubbard is an American author and consultant known for his work in quantitative analysis and decision science. He is the founder of Hubbard Decision Research and the creator of the Applied Information Economics method. His books focus on improving measurement and risk management in busine...
Read more
Douglas W. Hubbard is an American author and consultant known for his work in quantitative analysis and decision science. He is the founder of Hubbard Decision Research and the creator of the Applied Information Economics method. His books focus on improving measurement and risk management in busine...
Douglas W. Hubbard is an American author and consultant known for his work in quantitative analysis and decision science. He is the founder of Hubbard Decision Research and the creator of the Applied Information Economics method. His books focus on improving measurement and risk management in business and government.
Frequently Asked Questions
Douglas W. Hubbard is an American author and consultant known for his work in quantitative analysis and decision science.
Read Douglas W. Hubbard's books in 15 minutes
Get AI-powered summaries with key insights from 1 book by Douglas W. Hubbard.