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What Should Be the Implications of Uncertainty, Variability, and Inherent “Biases”/“Conservatism” for Risk Management Decision‐Making? 1
Author(s) -
Hattis Dale,
Anderson Elizabeth L.
Publication year - 1999
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/j.1539-6924.1999.tb00392.x
Subject(s) - conservatism , risk management , risk analysis (engineering) , econometrics , computer science , actuarial science , economics , business , political science , politics , law , management
This paper is a challenge from a pair of lifelong technical specialists in risk assessment for the risk‐management community to better define social decision criteria for risk acceptance vs. risk control in relation to the issues of variability and uncertainty. To stimulate discussion, we offer a variety of “straw man” proposals about where we think Variability and uncertainty are likely to matter for different types of social policy considerations in the context of a few different kinds of decisions. In particular, we draw on recent presentations of uncertainty and variability data that have been offered by EPA in the context of the consideration of revised ambient air quality standards under the Clean Air Act.