The Rational Imperative of Professional Risk Management
Abstract eng: The conundrum of modern post-industrial societies is extraordinary level of overall social well-being punctuated by concerns over multiple risks to which our management responses are ill-adapted. Risks are mostly foreseen but uncertain and often dreadful, but some risks are unforeseen in their likelihood and can have disastrous consequences. The public’s trust in the capabilities of professionals to manage the risks is often a matter of contention but, in our view, the primary obligation of risk regulators and professional risk managers is to make paramount the duty to serve the public interest. Risks must therefore be assessed scientifically and quantified: “Numbers, not adjectives” must guide decisions. Relative valuation of what is at risk and what can be sacrificed to reduce the risk is fundamental. Societal p
Contributors:
Publisher:
National Technical University of Athens, 2013
Conference Title:
Conference Title:
COMPDYN 2013 - 4th International Thematic Conference
Conference Venue:
Island of Kos (GR)
Conference Dates:
2013-06-12 / 2013-06-14
Rights:
Text je chráněný podle autorského zákona č. 121/2000 Sb.
Record appears in:
Record created 2016-11-15, last modified 2016-11-15
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