Episode 7: Decision making under conditions of radical uncertainty, with Professor Mark Fenton-O'Creevy
Do uncertain times call for different approaches to decision making? In this episode of the Brain for Business, Brain for Life podcast we speak to Professor Mark Fenton-O’Creevy of the Open University Business School and explore aspects of decision making under conditions of radical uncertainty. Mark Fenton-O'Creevy is Professor of Organisational Behaviour at The Open University Business School . He is an educator, researcher and consultant with three current primary areas of interest. 1) He studies how managers and professionals make decisions in conditions of deep uncertainty. This includes a long standing interest in the work, behaviour and performance of professional traders. and the role of emotion in financial decision-making for traders, investors and everyday financial decision making. 2) He studies the ways in which business and management practices develop and are transformed or corrupted within businesses and organisations. Particular interests include the transfer of HR practices between different national settings and the professional practices of traders in investment banks. 3) He has a profound interest in the relationship between formal and informal learning. He spent five years running a Centre for Excellence in Teaching and Learning the Centre for Practice-Based Professional Learning (http://cetl.open.ac.uk). His book on "Learning in Landscapes of Practice" with Etienne Wenger-Trayner, Beverly Wenger-Trayner, Chris Kubiak and Steve Hutchinson, builds on Etienne's prior work on communities of practice and the work of the OU centre for Practice-Based Professional Learning. He acts as a consultant to a range of organisations with a particular focus on change management and international HR management and on supporting and improving decision-making processes. Mark has acted as an academic advisor to a range of BBC documentaries: The Money Programme; 'Can Gerry Robinson Fix the NHS'; 'The Love of Money'; Escape from the Boardroom; and (with Adrian Furnham) created the 'Big Money Test for the BBC's LabUK and the Watchdog programme, and 'Right on the Money'. Specialties: Practice-Based Learning, Pedagogy, Distance Learning, International Management, Financial Trading, Investment Psychology, Management of Change Mark blogs regularly at https://emotionalfinance.net/