Behavioral, Social, and Institutional Aspects of Risk Analysisby Richard C. Schwing, General Motors Corp, Warren, United States,
Abstract: The paper summarizes the third session of the conference which discussed four items that become pitfalls for decision makers when neglected. These are parameter uncertainties as distinct from model uncertainties; differing priorities and agenda among different public bodies; narrowly-conceived resource allocation; and definition of benefit estimates.
Subject Headings: Risk management | Parameters (statistics) | Uncertainty principles | Mathematical models | Resource management | Social factors | Pricing | Decision making
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