Risk, Surprises and Black Swans provides an in depth analysis of
the risk concept with a focus on the critical link between
knowledge; and the lack of knowledge, that risk and probability
judgements are based on. Based on technical scientific research,
this book presents a new perspective to help you understand how to
assess and manage surprising, extreme events, known as 'Black
Swans'. This approach looks beyond the traditional
probability-based principles to offer a broader insight into the
important aspects of uncertain events and in doing so explores the
ways to manage them. This book recognises the fundamental issues
surrounding risk assessment and risk management to help you to
understand and prepare for black swan events. Complete with
international examples to illustrate ideas and concepts Integrates
risk management and resilience based thinking Suitable for a
variety of applications including engineering, finance and
security.
General
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