Risk Assessments
I spend a lot of time playing “What if?” We all do this. I do this when I am driving – “What if that car at the next intersection pulls out in front of me?” – when I am working – “What if that high pressure line ruptures?” – and at home – “What if I wake up and find the house is on fire?” I also spend a lot of time pondering the question “What if there are energy shortages in the near future?“
When we do this, we are generally trying to understand the potential consequences of various responses to a given situation. This sort of exercise is a form of risk assessment, and it is a very important tool for making decisions about events that could impact the future. Sometimes the consequences are minor. If I choose not to take an umbrella to work and it rains, [...]
What If I’m Wrong?
Risk Assessments
I spend a lot of time playing “What if?” We all do this. I do this when I am driving – “What if that car at the next intersection pulls out in front of me?” – when I am working – “What if that high pressure line ruptures?” – and at home – “What if I wake up and find the house is on fire?” I also spend a lot of time pondering the question “What if there are energy shortages in the near future?“
When we do this, we are generally trying to understand the potential consequences of various responses to a given situation. This sort of exercise is a form of risk assessment, and it is a very important tool for making decisions about events that could impact the future. Sometimes the consequences are minor. If I choose not to take an umbrella to work and it rains, [...]
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