On the Quantitative Definition of Risk

Publication Date Jan 01, 1981 by Kaplan S., Garrick B.J.

The purpose of this paper is to provide some suggestions and contributions toward a uniform conceptual/linguistic framework for quantifying and making precise the notion of risk.

The concepts and definitions we shall present in this connection have shown themselves to be sturdy and serviceable in practical application to a wide variety of risk situations. They have demonstrated in the courtroom and elsewhere the ability to improve communication and greatly diminish the confusion and controversy that often swirls around public decision making involving risk. We hope therefore with this paper to widen the understanding and adoption of this framework, and to that end adopt a leisurely and tutorial place.

From Risk Analysis, Vol. 1, No. 1, 1981.

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