"This thesis contends that most Risk Management/Mitigation programs fail to be as effective as they could be due to a number of mostly overlooked drivers, such as motivation and cognitive biases. The issue of cognitive biases is very seldom addressed. When questioned, most engineers purport to not have any biases. They insist that they use only logic, reasoning, and math to make decisions. A set of data was collected and reviewed for this thesis. The data presented shows that cognitive biases do affect the risk management/mitigation process. Knowledge of these biases and their potential impact on a project will lead to better risk management"--Abstract, page iii.
Dagli, Cihan H., 1949-
Smith, Eric D.
Miller, Ann K.
Engineering Management and Systems Engineering
M.S. in Systems Engineering
University of Missouri--Rolla
viii, 46 pages
© 2007 William Thomas Siefert, All rights reserved.
Thesis - Open Access
Library of Congress Subject Headings
Risk management -- Decision making
Print OCLC #
Electronic OCLC #
Link to Catalog Record
Siefert, William Thomas, "Cognitive biases in risk management" (2007). Masters Theses. 4590.