A Somewhat Scientific Risk Analysis of Risk Analysis’s Scientificness

Journalist Dan Vergano points out the disciplined approach, in this study, of using using risk analysis to analyze whether risk analysis is scientific:

Sven-Ove-HanssonIs Risk Analysis Scientific?Sven Ove Hansson [pictured here] and Terje Aven, Risk Analysis, epub June 11, 2014. The authors, at Royal Institute of Technology, Stockholm, Sweden and the University of Stavanger, Norway, explain:

“we use a model for risk analysis in which science is used as a base for decision making on risks, which covers the five elements evidence, knowledge base, broad risk evaluation, managerial review and judgment, and the decision; and that relates these elements to the domains experts and decisionmakers, and to the domains fact-based or value-based. We conclude that risk analysis is a scientific field of study, when understood as consisting primarily of (i) knowledge about risk-related phenomena, processes, events, etc., and (ii) concepts, theories, frameworks, approaches, principles, methods and models to understand, assess, characterize, communicate, and manage risk, in general and for specific applications (the instrumental part).”

EthicsOfRiskBONUS: Sven Ove Hansson also wrote the book The Ethics of Risk.

BONUS: The further adventures in ethics and risk of Sven Ove Hansson.