Misconceptions of risk
Risk is equal to the expected valueRisk is a probability or probability distribution -- Risk equals a probability distribution quantile (value-at-risk) -- Risk equals uncertainty -- Risk is equal to an event -- Risk equals expected disutility -- Risk is restricted to the case of objective probabilit...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Chichester
Wiley
c 2010
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| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online Zugang: | Inhaltsverzeichnis Cover Inhaltstext http://digitale-objekte.hbz-nrw.de/webclient/DeliveryManager?pid=3654744&custom_att_2=simple_viewer |
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| Zusammenfassung: | Risk is equal to the expected valueRisk is a probability or probability distribution -- Risk equals a probability distribution quantile (value-at-risk) -- Risk equals uncertainty -- Risk is equal to an event -- Risk equals expected disutility -- Risk is restricted to the case of objective probabilities -- Risk is the same as risk perception -- Risk relates to negative consequences only -- Risk is determined by the historical data -- Risk assessments produce an objective risk picture -- There are large inherent uncertainties in risk analyses -- Model uncertainty should be quantified -- It is meaningful and useful to distinguish between stochastic and epistemic uncertainties -- Bayesian analysis is based on the use of probability models and Bayesian updating -- Sensitivity analysis is a type of uncertainty analysis -- The main objective of risk management is risk reduction -- Decision-making under uncertainty should be based on science (analysis) -- The precautionary principle and risk management cannot be meaningfully integrated -- Conclusions. |
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| Beschreibung: | Formerly CIP Uk |
| Beschreibung: | VIII, 240 S. graph. Darst. 24 cm |
| ISBN: | 0470683880 0-470-68388-0 9780470683880 978-0-470-68388-0 |