Think in probabilities. Learn to assess risks and calculate expected outcomes for better decisions under uncertainty.
Risk Assessment
Evaluate threats
Expected Value
Calculate outcomes
Probability
Think in odds
Decisions
Under uncertainty
Risk Radar is a strategic decision-making game that develops your ability to assess risks in business and life situations. Understanding risk is essential for management, consulting, and leadership roles.
The game presents realistic scenarios requiring risk identification and assessment. You develop the structured thinking that enables smart decisions under uncertainty - a highly valued professional skill.
The game covers professional risk analysis:
Scenario Types: • Business Decisions: Investment, expansion, pricing risks • Project Management: Timeline, budget, resource risks • Career Situations: Job change, negotiation risks • Financial Scenarios: Market, credit, liquidity risks • Strategic Planning: Competition, technology, regulatory risks
Frameworks: Expected value, risk matrices, and probability trees.
Read the business or decision situation carefully.
Spot potential risks and their likelihood.
Evaluate the potential consequences of each risk.
Choose the best course of action considering risks.
Risk Radar develops strategic thinking:
Risk Identification: Seeing potential problems before they occur.
Probability Assessment: Estimating likelihood of various outcomes.
Impact Analysis: Understanding potential consequences.
Trade-off Evaluation: Comparing risk vs. reward.
Decision Under Uncertainty: Making good choices with incomplete information.
Risk thinking aids strategy-focused assessments:
MBA Case Interviews: Consulting firms test risk judgment.
GMAT/CAT: Decision-making scenarios test structured thinking.
Business School Courses: Foundation for finance and strategy classes.
Professional Certifications: Risk management is tested in CFA, FRM, PMP.
Risk Radar benefits business-minded individuals:
• MBA Aspirants: Develop case interview risk thinking • Consulting Candidates: Build strategic judgment • Business Professionals: Improve decision quality • Entrepreneurs: Better startup risk assessment • Students: Foundation for business studies
This game applies decision science:
Expected Value: Weighing outcomes by probability and impact.
Prospect Theory: Understanding how people actually perceive risk.
Bounded Rationality: Making good decisions with limited information.
Scenario Analysis: Preparing for multiple possible futures.
Always consider both likelihood AND impact - high impact rare events matter
Look for risks that are correlated - they may hit together
Consider the reversibility of decisions - irreversible ones need more caution
Avoid both excessive risk-aversion and overconfidence
Practice articulating your risk reasoning - communication matters
