Welcome to Module 1

Module Roadmap & Estimated Time

• Lesson 1: Introduction to "Normal" Risks Est. 45-60 mins
  • 1.1: Define risk and explore frequency, severity, and scope.
  • 1.2: Explore risk perceptions, attitudes, and behaviors.
  • 1.3: Characterize the five types of risk management strategies.
  • 1.4: Define existential and global catastrophic risk.
• Lesson 2: Risk Settings, Preferences, and Insurance Est. 90-120 mins
  • 2.1: Analyze risk in situations without insurance.
  • 2.2: Explain insurance as a risk reduction mechanism.
  • 2.3: Apply Expected Value and Actuarial Fair Premium.
  • 2.4: Apply concepts of Risk Preferences and Utility.
  • 2.5: Differentiate self-protection vs. self-insurance.
  • 2.6: Evaluate saving and diversification strategies.
  • 2.7:Understand early warning systems and information value.
  • 2.8: Describe the role of recovery and resilience.
  • 2.9: Compare management of normal vs. existential risks.
  • 2.10: Risk Management at Robinson