Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.

Today’s guest flew all the way in from New York to talk all things leadership, neuroscience, and COVID-19 pandemic risks with Justin Smulison!

Dr. Gleb Tsipursky is the CEO of Disaster Avoidance Experts, LLC. — a boutique consulting, coaching, and training firm empowering leaders and organizations to avoid business disasters. Dr. Tsipursky is also a best-selling author. His most recent book, Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Business Disasters, helps leaders avoid terrible advice, cognitive biases, and poor decisions.

Justin and Dr. Tsipursky discuss realistic pessimism and how that can actually lead to opportunities — even amidst a pandemic. Risk management professionals, get ready to take notes!

Key Takeaways:

[:01] About the RIMS Benchmark Survey and the RIMS Membership.

[:53] About today’s episode and special guest, Dr. Gleb Tsipursky.

[1:17] About RIMS Coronavirus Information Center.

[1:46] More about today’s discussion.

[2:00] Justin welcomes Dr. Tsipursky onto RIMScast!

[2:06] Dr. Tsipursky speaks about his work and background.

[3:12] Dr. Tsipursky explains how cognitive neuroscience and his work connects to risk management.

[5:18] How can cognitive biases impact risk management decision-making?

[8:57] How does a major pandemic risk like COVID-19 play into our cognitive biases?

[10:54] Dr. Tsipursky explains why ‘panic shopping’ is a short-term solution (rather than a long-term solution).

[12:30] Why a healthy level of cynicism (or, realistic pessimism) is good.

[14:15] Dr. Tsipursky explains another dangerous cognitive bias: the normalcy bias.

[15:50] How COVID-19 could lead to an opportunity for risk managers to help change or improve business models.

[19:38] How does Dr. Tsipursky distinguish realistic pessimism from the risk group being the ‘department of no?’

[21:24] When can (or should) risk professionals or business leaders feel a slight sense of optimism?

[23:16] Justin thanks Dr. Tsipursky for joining RIMScast and highlights some links to check out in today’s show notes.

Mentioned in this Episode:

Upcoming RIMS Events

RM Magazine

Risk Management Monitor

RIMS-Certified Risk Management Professional (RIMS-CRMP)

New Feature: RIMS-CRMP Stories

RIMS Membership — Discover why 10,000 of your peers from more than 60 countries are a part of the RIMS community!

RIMS Benchmark Survey: Contribute your data by March 31 and receive the 2020 Survey for free! You’ll learn how much companies are paying per line of coverage and more. Visit RIMS.org/Benchmark.

Download any episode of RIMScast.

RIMS Coronavirus Information Center

NOTICE: RIMS 2020 Annual Conference & Exhibition has been canceled. Please see the RIMS 2020 Cancellation FAQ for more information.

Disaster Avoidence Experts, LLC.

Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Business Disasters (Avoid Terrible Advice, Cognitive Biases, and Poor Decisions),

by Gleb Tsipursky, Ph.D.

Want to Learn More?

Keep up with the podcast on RIMS.org and listen on iTunes.

Have a question or suggestion? Email: Content@rims.org.

Join the Conversation!

Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn.

Follow up with Our Guest:

“The Huge Mistake Everybody Makes in Pandemic Preparation for COVID-19 Coronavirus,” by Dr. Gleb Tsipursky on LinkedIn

Dr. Gleb Tsipursky’s LinkedIn

Disaster Avoidence Experts, LLC.