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Risk analysis for extreme events incentives for reducing future losses.

By: Contributor(s): Material type: TextTextSeries: NIST GCR 04-871Publication details: Philadelphia : University of Philadelphia, 2004Description: viii, 93 leaves : 30 cmDDC classification:
  • 658.155 22
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This report discusses the need for linking risk assessment, risk perception, and risk management in order to develop meaningful strategies for dealing with extreme events (i.e., low probability-high consequence events.) Cases where extreme events exhibit interdependencies, either among individual stakeholders or among stakeholder groups, are given special attention. Special attention is also given to the need for cooperation between the public and private sectors with the ultimate goal of generating sound strategies for reducing the risks of extreme events and reducing the damage should such catastrophes occur.

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