Risks and Compromises: Principled Compromises in Managing Societal Risks of Extreme Events

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Managing the societal risks from extreme events requires making informed decisions. Decisions are in relation to the desired values of probabilities associated with possible consequences, what are unacceptable consequences (including defining their type and duration), and who might be exposed to risks. Different dimensions of risk including probabilities, consequences, and its source have been discussed in the literature. Such dimensions shape decisions about risk. However, in addition to the technical aspects, ultimately managing risk requires socially negotiated rules. This chapter describes how technical risk analysis can be integrated with public values. The chapter starts with a broad definition of risk and defines its different dimensions. Then the chapter defines guidelines for principled compromises in managing societal risks of extreme events. The chapter also defines the roles and scope in this complex process of risk analysis, risk communication, and risk perception. The proposed guidelines can support decision-makers in making more informed and more transparent decisions about safety, sustainability, and resilience.

Original languageEnglish (US)
Title of host publicationSpringer Tracts in Civil Engineering
PublisherSpringer
Pages31-44
Number of pages14
DOIs
StatePublished - 2022

Publication series

NameSpringer Tracts in Civil Engineering
ISSN (Print)2366-259X
ISSN (Electronic)2366-2603

ASJC Scopus subject areas

  • Civil and Structural Engineering

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