Dr. Elisabeth Paté-Cornell, department chair of Management Science and Engineering at Stanford University, wonders aloud whether entrepreneurs actually take that much risk. She explains that in the United States, venture capitalists take a lot of calculated risk by backing budding start-ups, while in Europe, bankers, acting in the same role, are not. Entrepreneurs usually start with a technical idea for a company and surround themselves with a great team of managers and technicians. Indeed, the success of risk-taking boils down to a single factor: the ability to build teams and cultivate many skills.

Video clips from: Risky Business: Analysis from an Engineering Perspective [Entire talk]

2 minutes

Do Entrepreneurs Take More Risks?

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4 minutes

Dynamic Model of Accidents

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4 minutes

Classic Example of a Future Accident

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3 minutes

System Analysis in Risk Assessment

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4 minutes

The Process of Risk Assessment

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3 minutes

Real-Life Risk Analysis

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1 minutes

Risk Analysis Examines Uncertainties

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