Big Decisions Blog
The latest news and insights from the team at Hubbard Decision ResearchApplied Information Economics in ISACA Journal Feature on Quantitative Risk Management
Risk management methodology, until very recently, was based mostly on pseudo-quantitative tools like risk matrices. The use of these tools has actually introduced more error into decision-making than they removed, as research has shown, and organizations are steadily...
Doug Hubbard to Give Public Lecture on “How to Measure Anything” at University of Bonn June 28, 2019
Many things seem impossible to measure - so-called "intangibles" like employee engagement, innovation, customer satisfaction, transparency, and more - but with the right mindset and approach, you can measure anything. That's the lesson of Doug's book How to Measure...
Top Under-the-Radar Cybersecurity Threats You May Not See Coming
In every industry, the risk of cyber attack is growing. In 2015, a team of researchers forecasted that the maximum number of records that could be exposed in breaches – 200 million - would increase by 50% from then to 2020. According to the Identity Theft Resource...
Measuring the Value of Ideas: A Superhero Movie Case Study
What follows is a tale that, for business people, reads like a Shakespearean tragedy - or a Stephen King horror novel. It starts with the recent history-setting success of Avengers: Endgame and the notion that an idea has value - and if you don’t see it or won’t...
The One Question Every Risk Manager Should Ask
Risk management isn’t easy. At any given time, an organization faces many risks, both known and unknown, minor and critical. Due to limited resources, not all risks can be mitigated. Without an effective risk management process, not all risks can even be identified....
The American Statistician Presents the Most Important Improvement to Scientific Method in Over 80 Years
Science, we have a problem. Several problems, actually. Now we have solutions. A central tenant of modern science is that experiments must be reproducible. It turns out that a surprisingly large proportion of published results in certain fields of research –...
How to Get Better at Making Decisions and Predicting the Future
During the course of a typical day, humans will make an enormous amount of conscious and subconscious decisions. Not all of those decisions are what we’d call crucial. The vast majority aren’t. But every day, we’ll make several decisions that matter - that have a...
Two Ways You Can Use Small Sample Sizes to Measure Anything
When it comes to statistics, there are a lot of misconceptions floating around. Even people who have scientific backgrounds subscribe to some of these common misconceptions. One misconception that affects measurement in virtually every field is the perceived need for...
