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Sessions for Monday, July 12
No risk assessment sessions for July 12
Sessions for Tuesday, July 13
No risk assessment sessions for July 13
Sessions for Wednesday, July 14
No risk assessment sessions for July 14
Sessions for Thursday, July 15
No risk assessment sessions for July 15
Sessions for Friday, July 16
Thinking Probabilistically: The Essential Risk Management Tool
Without probabilities, the only way to deal with risk is the gut. Unfortunately, research has shown that using your gut feel to manage risk leads to inconsistent, overconfident, and just plain wrong decisions. The insurance industry, for examples, is based on probabilistic thinking and some of the same concepts that make insurance companies successful can be used to help local governments make better decisions. In this session you will learn about essential concepts in applying probabilities that will help you see uncertainty in the world differently and help you make better decisions for your organization.
Sessions for Monday, July 19
Political Risk and its Consequences
Government is inherently political and with politics comes disagreement, uncertainty, and emotion. However, the nature of our politics has changed in recent years and, with it, the level of risk for government. Political conflict today is characterized by decreasing trust in institutions and deteriorating norms of governance. In this session we will explore how this risk threatens good public finance and what can be done about it.