Risk assessment as a subjective process
Purchase Print Copy
|Add to Cart||Paperback29 pages||$20.00||$16.00 20% Web Discount|
Most extant approaches to risk assessment stress methodological and procedural solutions to the problem, in part because method and procedure are viewed as bulwarks against the fallibilities and limitations of human judgment. This paper examines the other side of that coin, the use of judgment and intuition as bulwarks against the fallibilities and limitations of formal methodology. Those limitations are described, and capabilities which judgment and intuition provide to compensate for them discussed. The paper calls for a greater synthesis of judgment and methodology, in which they aid and support each other instead of competing.
This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.