Dylan Evans This article was authored by Alistair Evans of Qbasis Invest, a CTA investment firm based in Austria, in which he interviews Dr Dylan Evans on the subject of risk intelligence. (Note: this is an extract of the first part; you can access the full article here.)
Are some individuals simply better at understanding and analysing risks and estimating probabilities than others? Alistair Evans of Qbasis Invest interviews Dr Dylan Evans, a pioneer in the concept of risk intelligence in individuals, who argues that this is the case and that firms that actively manage risk can benefit from understanding why.
The subject of risk is a fascinating one. So much of our lives is dictated by risk: relationships, choice of career, who we marry, where we live, even such trivial questions such as whether to take an umbrella to work in case it might rain later. Not only are many of us unaware of the influence of risk in our lives, it remains a somewhat intangible term that we often struggle to define. Hence, it may be one of the reasons we often struggle to manage it effectively.
Psychologists and philosophers have long tried to separate different types of intelligence, as many are not satisfied that measures such as IQ provide a full picture of how intelligent an individual may be. Whilst some argue that it is the most appropriate measure ava......................
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