Chapter

Risk, culture, and society

in Risk

Published in print May 2011 | ISBN: 9780199576203
Published online September 2013 | e-ISBN: 9780191777714 | DOI: http://dx.doi.org/10.1093/actrade/9780199576203.003.0008

Series: Very Short Introductions

Risk, culture, and society

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‘Risk, culture and society’ frames risk management within society as a whole. The modern study of risk began with assessing probability of defined events, and developed into a science with the ability to assess complex threats like terrorism. Social factors can also be incorporated into risk analysis, which can reduce value judgements and stigmatization by society. However, risk analysis of subjects with controversial moral backdrops can make decision making harder, as it brings emotive issues into sharp relief. Risk analysis uses scientific tools to inform decisions on dangers. The value of these analyses depends on understanding their limitations.

Keywords: cost-benefit analysis; global warming; probability; risk; value

Chapter.  3860 words.  Illustrated.

Subjects: Business and Management ; Economics ; Research and Information

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