id: 06458028
dt: j
an: 2015e.00866
au: Adams, John
ti: Risk: mathematical and otherwise.
so: Math. Enthus. 12, No. 1-3, 19-30 (2015).
py: 2015
pu: Information Age Publishing (IAP), Charlotte, NC; University of Montana,
Department of Mathematical Sciences, Missoula, MT
la: EN
cc: M40 K50 K90
ut: stochastics; probability theory; statistics; risk management; types of
risk; risk compensation; virtual risk; probability; acceptability of
risk; risk amplification; traffic; accident deaths
ci:
li: http://www.math.umt.edu/tmme/vol12no1thru3/04_Adams.pdf
ab: Summary: What role might mathematicians have to play in the management of
risk? The idea of turning a risk, a possibility of loss or injury, into
a “calculated" risk, a quantified probability of loss or injury, is
one that has obvious appeal not just to statisticians and
mathematicians ‒ but to large numbers of others who would like to
know the probability of failure before pursuing some intended course of
action. Conclusion: even when risks can be calculated with great
precision, they can only be used to inform judgment, but not substitute
for it. And it matters who is making the judgment.
rv: