Behavioral, Social, and Institutional Aspects of Risk Analysis

by Richard C. Schwing, General Motors Corp, Warren, United States,



Document Type: Proceeding Paper

Part of: Risk-Based Decision Making in Water Resources VI

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 | Uncertainty principles | Parameters (statistics) | Social factors | Resource allocation | Public health and safety | Pricing | Michigan | United States

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