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TITLE
"Risk Management Decision Making: A Choice Shift Perspective," Journal of Insurance Issues and Practices, Power, Mark L., Thomas L. Heflin, and Wm. Theodore Cummings, 1983, Vol. VI, No. 1: 60-71.

ABSTRACT
The modern-day corporate risk manager's responsibility is the conservation of assets and income from pure risks. Success in operation of this functional area by the risk management team enables management as a whole to maximize shareholder wealth. Decision making pervades this responsibility with hierarchical position and efficient communication central to the understanding and coordination of the risk management department. Factors that may possibly affect a person's reaction to risk should be well known to those individuals that are charged with the responsibility of dealing with corporate pure risk situations.

This paper is a preliminary attempt to synthesize the existing research concerned with choice shift and applies the theoretical basis of the phenomenon to the field of risk management. The strategy of this paper is as follow: First, the literature of the choice shift phenomenon is reviewed; second, risk management decision making is discussed; third, the two areas are integrated by hypothesizing the possible effect group discussion might have on risk management decision making; fourth, direction of future research and methodology is presented; and last, conclusion are drawn.