Join us for an insightful session with Steve Begg, Emeritus Professor at the University of Adelaide, as he explores how attitudes toward uncertainty—not just risk—shape both personal and business decisions. This talk will clarify the concepts of being risk averse, risk-neutral, or risk-seeking, and explain how the Certain Equivalent can help guide better decision-making.

Agenda

• 4:00 – 5:00 PM – Presentation by Steve Begg
• 5:00 – 6:00 PM – Q&A and Follow-on Discussion

Location: Chevron, 1 The Esplanade, Perth, WA 6000

Please proceed up the escalators to the second floor Chevron reception.

Summary: 

Risk attitudes (which are really attitudes towards uncertainty!) describe how we balance out our desire to avoid bad outcomes (given their chance of occurring) versus how much we want good outcomes (given their chance of occurring).  They are often mis-understood and have unintended consequences for decision outcomes. Did you know that you, or your company, can be risk averse even when there is no chance of loss?  This talk will clarify what it means to be risk averse, risk-neutral or risk-seeking – and discuss the value implications of these attitudes (and any misunderstanding of them) on both personal and business decisions – whether that attitude is sub-conscious, or explicitly chosen. I will describe the concept of a Certain Equivalent and how it can be used as a simple way to choose between uncertain alternatives whilst incorporating your (chosen!) risk attitude.