PHIL 489 Lecture Notes - Lecture 1: Institute For Operations Research And The Management Sciences, Risk Perception, Precautionary Principle
1 Dec 2016
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Document Summary
Ethical principles: precautionary prin. democratic and technocratic models of risk management. Risk: probability * consequence of an event , but risk has multiple outcomes so you have to multiply each case out and add them to see the full risk. Through design - over design, extra capacity, codes, anticipate loads, etc. Operation - engineering operations and regulation through manuals/codes. Acceptable risk: freely assumed and informed consent, properly compensated, very hard to assume that everyone has given informed consent, this responsibility falls on the govt. , so codes are enacted, design: engineering codes, ops: regulation and operation manuals. However, there are instances in which codes/regs have not been written for a particular case and may not result in satisfactory management of risk. Risk is subjective, it is dif cult to quantify, but there are ways in assessing probabilities to make sure there is consistency.
