Risk: A Philosophical Introduction to the Theory of Risk Evaluation and ManagementThe book is an introduction to the theory of risk with an emphasis on its philosophical dimension. It deals with such issues as: What is the conceptual nature of risk? What role does the value system of those involved play in risk assessment? What is the nature of the responsibility of risk managers towards the constituency they serve? The book is not addressed solely to philosophers, however, but to those who are concerned professionally with risk assessment or risk management. No book currently on the market provides a comparable coherent clarification of the field and so effectively demolishes the fallacies and misunderstandings that are rife within it. |
Contents
THE NATURE OF RISK | 5 |
NEGATIVITY EVALUATION AND COMPARISON | 18 |
PROBABILITY AND ITS RAMIFICATIONS | 33 |
Copyright | |
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Common terms and phrases
accident Accordingly action Amos Tversky analysis arises automatically bability Baruch Fischhoff basis bottom alternative catastrophe avoidance ceptability chance Chauncey Starr choice circumstances clearly conservatism consider considerations cost Daniel Kahneman death decision decision theory depicted in Figure determining dilemma disaster disparity of risks economic effective zerohood effectively zero ethical eventuations example expected value face gamble human INDIFFERENCE CURVES individual involved issue judgmental L. J. Savage loss lottery magnitude management of risks matter measure ment midpoint negativity nuclear operate outcome parameters PASCAL'S WAGER Paul Slovic Petersburg paradox political poses potential preferable principle of catastrophe probabilistic prospect of catastrophe question real possibility reasonable reduce represent risk assessment risk evaluation risk management risk situation risk-taking rule safety simply social society sort standard subjective substantial sure sure-thing equivalent technological hazards thalidomide theoretical theory things threat threshold tion top alternative uncertainty unrealism various