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The Psychology of Risk
Learn to effectively navigate riskPreview the first lesson free — get full access to all 6 lessons.
Intermediate Provider : Victor Kersey 6 Lessons · 16m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
We all face risks, especially when it comes to making decisions. As you review options and make choices, your mind goes through a complex process that involves many cognitive and emotional factors.
As you complete The Psychology of Risk, you’ll understand ways to assess risk, how emotions influence decisions, and how uncertainty can become less challenging. You’ll see when relying on biases effectively simplifies the decision-making process while also discerning times when it’s better to think more critically. When you keep these key points about risk in mind, you’ll be able to make informed and effective decisions about important areas like safety, well-being, and business. We’ll talk about the relationship between emotions and the level of risk that each individual is willing to take on. It can be tough to make choices, because there are so many variables to consider. This course will help you use reliable information to make an informed decision.
This course will help you recognize the difference between perceived and actual risk. You’ll learn to develop a better decision-making process with risk assessment and manage your emotional responses in times of uncertainty.
What You'll Learn
- Assess risk and recognize the difference between perceived and actual risk
- Explore the cognitive and emotional factors involved in decision-making
- Understand how emotions impact judgment and influence the level of risk a person takes on
- Develop a better decision-making process using reliable information and risk assessment
- Manage emotional responses to make informed decisions under uncertainty
- Discern when relying on biases simplifies decisions versus when to think more critically
Key Takeaways
- Reviewing options and making choices involves a complex mental process shaped by many cognitive and emotional factors.
- Emotions influence judgment and the level of risk each individual is willing to take on.
- There is a meaningful difference between perceived risk and actual risk.
- Relying on biases can effectively simplify decision-making in some cases, while other situations call for more critical thinking.
- Using reliable information and risk assessment supports informed, effective decisions about safety, well-being, and business.
Frequently Asked Questions
What will I learn in The Psychology of Risk?
You'll learn how people perceive risk, the factors involved in decision-making, and how emotions impact judgment. The course covers assessing risk, the difference between perceived and actual risk, managing emotional responses, and decision-making under uncertainty.
Who is this course for?
It is for anyone who wants to make more informed and effective decisions about important areas like safety, well-being, and business, since we all face risks when making decisions.
How does the course address emotions and risk?
It examines the relationship between emotions and the level of risk each individual is willing to take on, and teaches you to manage your emotional responses in times of uncertainty.
What topics do the lessons cover?
The lessons include Introduction, Evaluating Risk, Perceived vs. Actual Risk, Assessing Risk and Emotional Response, Decision-Making Under Uncertainty, and a Test Your Knowledge assessment.
What skills does this course help build?
It helps build a risk mindset, business risk management, risk analysis, risk awareness, risk management, and risk selection.
Professional Certifications and Continuing Education Units (CEUs)
Project Management Institute (PMI®)
Professional Development Units (PDUs): 0.5
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