2003
DOI: 10.3801/iafss.fss.7-765
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We Don't Know What We Don't Know

Abstract: In carrying out decision-making on risk then: {1} There may be possible sequences which are not known about or {2} There may be possible sequences which are known about but which are effectively ignored for one reason or another. It follows from this that we need to: {a} Be willing to question our assumptions, {b} Consciously try to be 'creative' in carrying out risk assessments, {c} Be open and explicit, {d} Look at a particular case from different points of view and using different models and {e} Err on the … Show more

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Cited by 3 publications
(1 citation statement)
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“…all relevant scenarios are evaluated. In practice the identified scenarios will never be complete as we do not know what we have not thought of (Beard 2002); this calls for cautionary decision-making (Beard 2004). No quantitative number or curve is "big" enough to capture the concept of risk.…”
Section: Technical Risk Analysismentioning
confidence: 99%
“…all relevant scenarios are evaluated. In practice the identified scenarios will never be complete as we do not know what we have not thought of (Beard 2002); this calls for cautionary decision-making (Beard 2004). No quantitative number or curve is "big" enough to capture the concept of risk.…”
Section: Technical Risk Analysismentioning
confidence: 99%