Review six mistakes executives make in risk management


Assignment task:

HBR: The Six Mistakes Executives Make in Risk Management

Regarding the HBR article by Nicholas (Nassim) Taleb:

We assume that risk can be measured by standard deviation. Standard deviation-used extensively in finance as a measure of investment risk-shouldn't be used in risk management.

Contrary to Nicholas' assertion, provide two examples (facts + figures) where standard deviation DID work in regards to risk management.

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