Behavioral Science in Compliance Programs: Learning From the Data and Changing the Perspective (Part Two of Two)

Often, our picture of behavior is based on a picture skewed toward misconduct, which creates gaps that make analyzing data difficult, Christian Hunt, founder of Human Risk, a behavioral science consultancy and training firm, argued. The Hedge Fund Law Report recently spoke with Hunt about his passion for reshaping the way compliance practitioners think about the human factor in their program design and execution. This second article in our two-part series addresses the gaps in data, learning from patterns and making compliance iterative. The first article explored the importance of considering behavioral science in compliance and how using concepts such as social proof and salience can enhance a compliance program. See our two-part series on compliance training: “SEC Expectations and Substantive Traps to Avoid” (Sep. 23, 2021); and “Who Conducts the Training and Five Traps to Avoid When Providing Training” (Sep. 30, 2021).

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