Defining risk

  title={Defining risk},
  author={Baruch Fischhoff and Stephen R. Watson and Chris Hope},
  journal={Policy Sciences},
Risk is the focal topic in the management of many activities and technologies. For that management to be successful, an explicit and accepted definition of the term “risk” is essential. Creation of that definition is a political act, expressing the definers' values regarding the relative importance of different possible adverse consequences for a particular decision. Those values, and with them the definition of risk, can change with changes in the decisionmaker, the technologies considered, or… 

How Solid Is the Dutch (and the British) National Risk Assessment? Overview and Decision‐Theoretic Evaluation

  • C. Vlek
  • Political Science
    Risk analysis : an official publication of the Society for Risk Analysis
  • 2013
Despite the DNRA's thorough elaboration, apparent weaknesses are lack of stakeholder involvement, possibility of false-positive risk scenarios, rigid multicriteria impact evaluation, hybrid methods for likelihood estimation, and half-hearted use of a "probability × effect" definition of risk.

The Subjective and Value-Laden Nature of Risk Assessment

The essay contrasts the scientific approach to analyzing and making decisions about risk with the ways that ordinary people perceive and respond to risk. It highlights the importance of trust as a

Integrated Risk Assessment for the Blue Economy

With the anticipated boom in the ‘blue economy’ and associated increases in industrialization across the world’s oceans, new and complex risks are introduced to ocean ecosystems. As a result,

Risk and Quantification: A Linguistic Study

  • Max Boholm
  • Linguistics
    Risk analysis : an official publication of the Society for Risk Analysis
  • 2019
Findings of this study confirm, as suggested by fuzzy-trace theory, that vague representations are prominent in quantification of risk, and suggest a quantification bias in many areas of risk theory.

Rhetoric and Risk

The discoveries of science and technology are accelerating. The choice of how to regulate and react to scientific and technological innovations relies heavily on the notion of risk. The emergence


Almost two-thirds of the Netherlands is exposed to the risk of flooding, making the provision of flood safety a vital yet costly affair. To be able to make better informed decisions about flood risk

The Impact of Risk Communication on Consumption and Consumer Well-Being

In this monograph, we build on the risk communication and the psychology of information processing and decision-making literatures, while extending this work through an explicit discussion of the

Social integration matters: factors influencing natural hazard risk preparedness—a survey of Swiss households

Building a culture of risk is an essential objective within the integrated risk management paradigm. Challenges arise both due to increasing damage from natural hazards and the complexity in

Organizational Sensemaking About Risk Controls: The Case of Offshore Hydrocarbons Production

  • J. BusbyA. M. Collins
  • Business
    Risk analysis : an official publication of the Society for Risk Analysis
  • 2014
It is argued that this balanced sensemaking about the control of risk in offshore hydrocarbons production is an adaptation rather than a deliberate choice, but that it is an important element of controlling risk in its own right.

Categorizing Supply Chain Risks: Review, Integrated Typology and Future Research

Nowadays, supply chains operate in a dynamic environment where a potential unwanted event that does not constitute a risk today may be a severe risk tomorrow. Recent events indicate that supply chain