Article 

Cossin, Didier, Constantinou, Dinos,  Hedging your bets to protect against risk
Financial times , 2006, 3 p.
Cognitive biases on decision-making may hinder significantly the performance of otherwise successful business models. Recognising the incidence of such biases and taking action to prevent resulting mistakes may be the key to developing both successful hedging strategies and broader risk management programmes within corporations. Behavioural lessons are now well-used by the managers of trading floors, but awareness does not yet seem to have filtered up to corporate board rooms (even though everyone is aware of the tendencies of shareholders and entire markets to behave in irrational ways). Company executives must recognise both their own mistakes and those of others - and understand the behavioural reasons behind them - in order to avoid costly errors.

ISBN :
Keywords : HEDGING, RISK MANAGEMENT
Language : English
Storage : InfoDesk
Issue : April 6, 2006

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