What Fates Impose: Facing Up to Uncertainty
What Fates Impose: Facing Up to Uncertainty
British Academy Lecture
This lecture discusses risk, specifically how people think, talk, and manage risk. It illustrates two propositions: thinking in terms of probabilities and the public receiving accurate and objective information about the risks. These propositions are illustrated by considering public policy about pensions as an example. The lecture also stresses that most public policy decisions are a matter of balancing risks. It determines that modelling and recognising risks means understanding the limits to a person's present knowledge, while communicating risk is about transparency.
Keywords: risk, public policy, balancing risks, communicating risks, modelling risks, recognizing risks, probabilities
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