Behavioral Sciences Approach to Risk Management

Amanda Raad, co-chair of Ropes & Gray's anti-corruption & international risk practice, discusses the new data-driven behavioral sciences approach to risk management.

Transcript: 

Hi, I'm Amanda Raad. I'm a partner in the anti-corruption and international risk practice group and I'm going to talk about the behavioral sciences approach to risk management.

Traditional approach to risk assessments
Traditionally, when we look at risk assessments, we usually go in and look at a bunch of data and pull all of it together and start to analyze it without really looking at what the underlying, driving behaviors are, the root cause behaviors are – and that can only get you so far.