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Lac Megantic, biases, incomplete consequences, and regulations

Lac Megantic, biases, incomplete consequences, and regulations Lac Megantic, Canada, railroad derailment tragedy reportedly brought direct destruction and casualties on a radius of 200-400m when a number of hydrocarbon tank cars exploded. Once again media and public opinion realized later on that the immense suffering endured by the community extends it’s shadow far away from the point and time of the tragedy with far reaching indirect consequences (exclusions zone, logistic, loss of market share, bankruptcies, increase of jobless, depression, environmental,…

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Maths make things simpler, rather than more complicated, bring clarity.

A discussion on LinkedIN entitled “Does anyone use Standard Deviation, Variance or similar measures to prioritise risks” prompted a reply we are now posting on the blog for our interested readers. It’s a bit technical, but it shows that maths make things simpler, rather than more complicated, bring clarity! Talking about clarity, let’s remember that the context of most of our work at Riskope is in downside risk, in various industries. When we refer below to “Consequences”, we are referring…

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