Risk, Surprises and Black Swans provides an in depth analysis of
the risk concept with a focus on the critical link to 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.
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