conditional probabilities Archives

Event Tree Analysis, ETA

In this blogpost we look at another tool: the Event Tree Analysis, ETA. Event Tree Analysis, ETA In our day to day practice we frequently see risk assessments methodologies stretched to «fit the clients’ case». In other words, people select tools to deliver results out of the initial methodology’s scope. This blogpost is a brief summary for the Event Tree analysis (ETA). It is one of the most common methodologies to evaluate probabilities of complex cascading events in terms of series of conditional probabilities. In reality,…