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Risk tolerance thresholds

Everyone has a different pain threshold and likewise, everyone has different risk tolerance thresholds. We use the plural because each one of us has various thresholds, for example, a perceived one and a financial one. Your risk and risk tolerance thresholds made simple Anyone of us, every-day decides to undertake some activities and consciously or unconsciously assumes risks we consider acceptable/tolerable or sometimes intolerable.Think about various activities: Hunting, fishing, driving a heavy vehicle, and finally cooking in one’s house. They…

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Riskope’s participation to the 2014 International Symposium on Business and Management

In this blogpost we discuss Riskope’s participation to the 2014 International Symposium on Business and Management. Riskope’s participation to the 2014 International Symposium on Business and Management We decided Riskope’s participation to the 2014 International Symposium on Business and Management in Nagoya last winter. We strongly believe that our proprietary Optimum Risk Estimates (ORE) methodology has to be brought to the attention of an increasing number of industries and decision-makers world-wide. ORE allows to enhance governance and leadership. It transforms…

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What Fukushima (2010) nuclear accident, the Twin Towers (9/11) terror attack, deadly traffic accidents and Aquila earthquake (Italy), hurricanes have in common?

In this blogpost we attempt an update of Whitman’s and ANCOLD tolerance/acceptability curves. These link casualties from man-made or natural catastrophes, large dams failures to a “tolerable” annual probability. The attempt shows evidence for a G8-wide societal acceptability which has only slightly changed since the original studies by Whitman..   We have already discussed many times how well-balanced and sustainable decisions can only be taken if risks are compared to properly defined risk tolerance /acceptability criteria. Comparison of various risk…

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