{"id":2303,"date":"2024-10-23T15:43:55","date_gmt":"2024-10-23T14:43:55","guid":{"rendered":"https:\/\/deruijter.net\/?p=2303"},"modified":"2024-10-23T15:43:58","modified_gmt":"2024-10-23T14:43:58","slug":"behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases","status":"publish","type":"post","link":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/","title":{"rendered":"Behavioural Risk Management: The added value of Scenario&#8217;s and Avoiding Biases"},"content":{"rendered":"\n<p>\u201cBehavioural Risk Management: The Added Value of Scenarios and Avoiding Biases\u201d by Dr. Ren\u00e9 Doff (University of Amsterdam) addresses the importance of human behaviour in economic analyses.<\/p>\n\n\n\n<p>In recent years, major risk-management failure could often be attributed to psychological pitfalls. Building on this insight, Doff acknowledges that the world around us is rapidly changing with complex and interacting developments and that this requires different tools than used in the past. In this way, \u201cBehavioural Risk Management\u201d, helps practitioners and experts to implement these latest insights in their work. According to Doff, system analysis and scenarios are much better equipped than stochastic models to prepare the risk manager for the future.<\/p>\n\n\n\n<p>De Ruijter Strategy has put the future on the agenda of government and business for over 25 years, often using scenario planning. De Ruijter and Doff worked together with different universities such as Nyenrode and the University of Amsterdam. We supported the development of the Enterprise Risk Management (ERM) program of the University of Amsterdam. Furthermore, De Ruijter and Doff collaborated on several projects; the combination of De Ruijter&#8217;s expertise in scenario-based analysis and Doff&#8217;s expertise in risk management served as a solid base for a narrow cooperation. We also supported Rabobank, one of the biggest Dutch banks, in 2002 to develop an exploration of the environment and the prospects for short- and long-term interest development till 2010. The development of scenarios for Rabobank prepared the organisation for the financial crisis of 2008. In addition to that, De Ruijter&#8217;s experience with scenario planning and Doff&#8217;s knowledge on risk management was merged in the support of the association of insurers. The introduction of Solvency II in 2016 obliged insurers to test their own solvability with an Own Risk and Solvency Assessment (ORSA), in which scenarios and stresstests are used to analyze and minimalize major risks.<\/p>\n\n\n\n<p>The publication of \u201cBehavioural Risk Management\u201d is partly attributed to years of narrow cooperation in which De Ruijter and Doff have gained from each other\u2019s expertise. As a practitioner of the latest academic insights developed by dr. Ren\u00e9 Doff, Paul is quoted on the back cover. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c<em>Since the oil crisis in the seventies, the credit crisis a decade ago and the COVID-19 pandemic, we know that scenarios can help to identify and manage low probability \/ high impact risk. In this book Dr. Ren\u00e9 Doff combines state-of-the-art insights in the disciplines of behavioral economics and scenarios to drastically improve risk-management practices. A well-researched, and at the same time, very practical book for academics and practitioners alike.<\/em>\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>In June 2021 the book was officially launched at the University of Amsterdam.<\/p>\n\n\n\n<p>If you are interested in scenario-based analysis for your own company or organization, don&#8217;t hesistate to <a href=\"https:\/\/deruijter.net\/en\/contact\/\">get in touch.<\/a> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cBehavioural Risk Management: The Added Value of Scenarios and Avoiding Biases\u201d by Dr. Ren\u00e9 Doff (University of Amsterdam) addresses the importance of human behaviour in economic analyses. In recent years, major risk-management failure could often be attributed to psychological pitfalls. Building on this insight, Doff acknowledges that the world around us is rapidly changing with [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"sector":[],"class_list":["post-2303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Behavioural Risk Management: The added value of Scenario&#039;s and Avoiding Biases - De Ruijter Strategy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Behavioural Risk Management: The added value of Scenario&#039;s and Avoiding Biases - De Ruijter Strategy\" \/>\n<meta property=\"og:description\" content=\"\u201cBehavioural Risk Management: The Added Value of Scenarios and Avoiding Biases\u201d by Dr. Ren\u00e9 Doff (University of Amsterdam) addresses the importance of human behaviour in economic analyses. In recent years, major risk-management failure could often be attributed to psychological pitfalls. Building on this insight, Doff acknowledges that the world around us is rapidly changing with [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/\" \/>\n<meta property=\"og:site_name\" content=\"De Ruijter Strategy\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-23T14:43:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-23T14:43:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/10\/Schermafbeelding-2024-10-23-164117.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1110\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Femke Pennink\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Femke Pennink\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/\"},\"author\":{\"name\":\"Femke Pennink\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#\\\/schema\\\/person\\\/ca6f1c5b53df201ceda07825dc669e81\"},\"headline\":\"Behavioural Risk Management: The added value of Scenario&#8217;s and Avoiding Biases\",\"datePublished\":\"2024-10-23T14:43:55+00:00\",\"dateModified\":\"2024-10-23T14:43:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/\"},\"wordCount\":457,\"publisher\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/deruijter.net\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Schermafbeelding-2024-10-23-164117.png\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/\",\"url\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/\",\"name\":\"Behavioural Risk Management: The added value of Scenario's and Avoiding Biases - De Ruijter Strategy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/deruijter.net\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Schermafbeelding-2024-10-23-164117.png\",\"datePublished\":\"2024-10-23T14:43:55+00:00\",\"dateModified\":\"2024-10-23T14:43:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/#primaryimage\",\"url\":\"https:\\\/\\\/deruijter.net\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Schermafbeelding-2024-10-23-164117.png\",\"contentUrl\":\"https:\\\/\\\/deruijter.net\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Schermafbeelding-2024-10-23-164117.png\",\"width\":1110,\"height\":465},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/deruijter.net\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Behavioural Risk Management: The added value of Scenario&#8217;s and Avoiding Biases\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/deruijter.net\\\/en\\\/\",\"name\":\"De Ruijter Strategie\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/deruijter.net\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#organization\",\"name\":\"De Ruijter Strategie\",\"url\":\"https:\\\/\\\/deruijter.net\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/deruijter.net\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DeRuijter_logo_UK-2.png\",\"contentUrl\":\"https:\\\/\\\/deruijter.net\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DeRuijter_logo_UK-2.png\",\"width\":290,\"height\":52,\"caption\":\"De Ruijter Strategie\"},\"image\":{\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/de-ruijter-strategy\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/deruijter.net\\\/en\\\/#\\\/schema\\\/person\\\/ca6f1c5b53df201ceda07825dc669e81\",\"name\":\"Femke Pennink\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/68077e7234e7dcf847856e6788ccbb671a5f56b0c784ebd6f33da1223ee4d4b6?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/68077e7234e7dcf847856e6788ccbb671a5f56b0c784ebd6f33da1223ee4d4b6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/68077e7234e7dcf847856e6788ccbb671a5f56b0c784ebd6f33da1223ee4d4b6?s=96&d=mm&r=g\",\"caption\":\"Femke Pennink\"},\"url\":\"https:\\\/\\\/deruijter.net\\\/en\\\/author\\\/femke\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Behavioural Risk Management: The added value of Scenario's and Avoiding Biases - De Ruijter Strategy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/","og_locale":"en_US","og_type":"article","og_title":"Behavioural Risk Management: The added value of Scenario's and Avoiding Biases - De Ruijter Strategy","og_description":"\u201cBehavioural Risk Management: The Added Value of Scenarios and Avoiding Biases\u201d by Dr. Ren\u00e9 Doff (University of Amsterdam) addresses the importance of human behaviour in economic analyses. In recent years, major risk-management failure could often be attributed to psychological pitfalls. Building on this insight, Doff acknowledges that the world around us is rapidly changing with [&hellip;]","og_url":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/","og_site_name":"De Ruijter Strategy","article_published_time":"2024-10-23T14:43:55+00:00","article_modified_time":"2024-10-23T14:43:58+00:00","og_image":[{"width":1110,"height":465,"url":"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/10\/Schermafbeelding-2024-10-23-164117.png","type":"image\/png"}],"author":"Femke Pennink","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Femke Pennink","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/#article","isPartOf":{"@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/"},"author":{"name":"Femke Pennink","@id":"https:\/\/deruijter.net\/en\/#\/schema\/person\/ca6f1c5b53df201ceda07825dc669e81"},"headline":"Behavioural Risk Management: The added value of Scenario&#8217;s and Avoiding Biases","datePublished":"2024-10-23T14:43:55+00:00","dateModified":"2024-10-23T14:43:58+00:00","mainEntityOfPage":{"@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/"},"wordCount":457,"publisher":{"@id":"https:\/\/deruijter.net\/en\/#organization"},"image":{"@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/#primaryimage"},"thumbnailUrl":"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/10\/Schermafbeelding-2024-10-23-164117.png","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/","url":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/","name":"Behavioural Risk Management: The added value of Scenario's and Avoiding Biases - De Ruijter Strategy","isPartOf":{"@id":"https:\/\/deruijter.net\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/#primaryimage"},"image":{"@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/#primaryimage"},"thumbnailUrl":"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/10\/Schermafbeelding-2024-10-23-164117.png","datePublished":"2024-10-23T14:43:55+00:00","dateModified":"2024-10-23T14:43:58+00:00","breadcrumb":{"@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/#primaryimage","url":"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/10\/Schermafbeelding-2024-10-23-164117.png","contentUrl":"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/10\/Schermafbeelding-2024-10-23-164117.png","width":1110,"height":465},{"@type":"BreadcrumbList","@id":"https:\/\/deruijter.net\/en\/behavioural-risk-management-the-added-value-of-scenarios-and-avoiding-biases\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/deruijter.net\/en\/"},{"@type":"ListItem","position":2,"name":"Behavioural Risk Management: The added value of Scenario&#8217;s and Avoiding Biases"}]},{"@type":"WebSite","@id":"https:\/\/deruijter.net\/en\/#website","url":"https:\/\/deruijter.net\/en\/","name":"De Ruijter Strategie","description":"","publisher":{"@id":"https:\/\/deruijter.net\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/deruijter.net\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/deruijter.net\/en\/#organization","name":"De Ruijter Strategie","url":"https:\/\/deruijter.net\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/deruijter.net\/en\/#\/schema\/logo\/image\/","url":"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/08\/DeRuijter_logo_UK-2.png","contentUrl":"https:\/\/deruijter.net\/wp-content\/uploads\/2024\/08\/DeRuijter_logo_UK-2.png","width":290,"height":52,"caption":"De Ruijter Strategie"},"image":{"@id":"https:\/\/deruijter.net\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/de-ruijter-strategy\/"]},{"@type":"Person","@id":"https:\/\/deruijter.net\/en\/#\/schema\/person\/ca6f1c5b53df201ceda07825dc669e81","name":"Femke Pennink","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/68077e7234e7dcf847856e6788ccbb671a5f56b0c784ebd6f33da1223ee4d4b6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/68077e7234e7dcf847856e6788ccbb671a5f56b0c784ebd6f33da1223ee4d4b6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68077e7234e7dcf847856e6788ccbb671a5f56b0c784ebd6f33da1223ee4d4b6?s=96&d=mm&r=g","caption":"Femke Pennink"},"url":"https:\/\/deruijter.net\/en\/author\/femke\/"}]}},"_links":{"self":[{"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/posts\/2303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/comments?post=2303"}],"version-history":[{"count":2,"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/posts\/2303\/revisions"}],"predecessor-version":[{"id":2307,"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/posts\/2303\/revisions\/2307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/media\/2304"}],"wp:attachment":[{"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/media?parent=2303"}],"wp:term":[{"taxonomy":"sector","embeddable":true,"href":"https:\/\/deruijter.net\/en\/wp-json\/wp\/v2\/sector?post=2303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}