Behavioral aspects in administration of management decisions

This article defines the concepts of «behavioral economics», «risk management», identifies the main reasons for the irrationality of decisions made, and considers the concept of «behavioral risks» in the context of risk management. An analysis of insurance premiums by type of insurance in Russia and a comparison with similar types in the United States was carried out, during which a tendency to reject negative thoughts and tolerance of Russian society to uncertainties and deviations, as a specificity of our organizational culture, were revealed. It is concluded that when planning and implementing risk management, attention should be paid to the behavioral aspects, the specifics of Russian culture and possible behavioral risks.