Why risk analysis is difficult, and some thoughts on how to proceed.

@article{BenHaim2012WhyRA,
  title={Why risk analysis is difficult, and some thoughts on how to proceed.},
  author={Yakov Ben-Haim},
  journal={Risk analysis : an official publication of the Society for Risk Analysis},
  year={2012},
  volume={32 10},
  pages={
          1638-46
        }
}
Risk analysis is challenged in three ways by uncertainty. Our understanding of the world and its uncertainties is evolving; indeterminism is an inherent part of the open universe in which we live; and learning from experience involves untestable assumptions. We discuss several concepts of robustness as tools for responding to these epistemological challenges. The use of models is justified, even though they are known to err. A concept of robustness is illustrated in choosing between a… CONTINUE READING
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