: Dealing with Catastrophic loss Potentials in Business, the Community and Society
\ Mark Jablonowski.
; New York
: Palgrave Macmillan
, 2006.
xiii, 168 p.
:ill.
Includes bibliographical references and index.
1 Statistical Risk and its Treatment -- 1.1 Economic optimization and cost/benefit analysis -- 1.2 The nature of risk -- 1.3 Using expected values -- 1.4 Determining probabilities from data -- 1.5 Extending the credibility of statistical results -- 1.6 Uncertainty due to knowledge imperfections -- 1.7 Generalized uncertainty and the "10 percent rule" -- 2 The ABC's of High-Stakes Decisions -- 2.1 The "iceberg" model of risk -- 2.2 Why expected value decision-making doesn't work -- 2.3 Decisions when probabilities are unknown, or irrelevant -- 2.4 The dilemma of precaution -- 2.5 Can precaution make things worse? -- 2.6 Modifying expected values for imperfect knowledge -- 2.7 Utility and risk aversion -- 2.8 Where does insurance fit in? -- 2.9 Fatalism, by default? -- 3 Practical Precaution -- 3.1 Is everything risky? -- 3.2 Defining the "precautionary region" -- 3.3 Integrating measurement uncertainty -- 3.4 Taking "reasonable" precautions -- 3.5 Protecting human life -- 3.6 The importance of proper metrics -- 3.7 Reasonable precautions and human evolution -- 3.8 Facing the limits of practicality -- 4 Precaution and Progress: Identifying Alternatives -- 4.1 A wider view of planning -- 4.2 Assessing alternatives -- 4.3 An illustrative example -- 4.4 Natural vs. man-made risk -- 4.5 Shifting the burden of proof -- 4.6 Alternatives assessment vs. post-fact risk management -- 4.7 Post-fact risk management and the status quo -- 4.8 The community commitment -- 5 Public Policy and the Rise of Precautionary Regulation -- 5.1 The status of precautionary regulation -- 5.2 Strict liability and man-made perils -- 5.3 Precautionary regulation and free enterprise -- 6 Science and Precaution -- 6.1 More science, not less -- 6.2 Probability, decision and the science of risk assessment -- 6.3 Exploratory modeling -- 6.4 Science and objectivity -- 6.5 Precaution and commerce -- 6.6 The developing science of precaution -- 7 Communicating about Risk -- 7.1 The meaning(s) of the word "risk" -- 7.2 The lay perception of risk -- 7.3 Effective risk communication -- 7.4 The feedback process -- 8 The Future of Risk -- 8.1 Is risk increasing? -- 8.2 Cost/benefit revisited -- 8.3 Reconciling fatalism and precaution -- 8.4 Shaping the future -- 8.5 Can we get there from here?