1st Edition

Risk, Surprises and Black Swans Fundamental Ideas and Concepts in Risk Assessment and Risk Management

By Terje Aven Copyright 2014
276 Pages 2 B/W Illustrations
by Routledge

276 Pages 2 B/W Illustrations
by Routledge

276 Pages 2 B/W Illustrations
by Routledge

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... Read more

1.  Introduction,  2. The risk concept,  3. Variation, knowledge, uncertainty, surprises and black swans,  4. Risk assessment,  5. Risk management

Biography

Terje Aven has been Professor in Risk Analysis and Risk Management at the University of Stavanger, Norway, since 1992. He is a Principle Researcher at the International Research Institute of Stavanger (IRIS). Previously he was also Professor in Risk Analysis at the University of Oslo and the Norwegian University of Science and Technology. He has many years of experience as a risk analyst and consultant in industry. He is the author of many books and papers in the field, covering both fundamental issues as well as practical risk analysis methods. He has led several large research projects in the area of risk which have received strong international participation.