low-probability, high-impact outcomes

There's an interesting Earth System Dynamics Discussion paper presenting a a simple proposal to improve the contribution of IPCC WG1 to the assessment and communication of climate change risks. Essentially, one can estimate the risk of some outcome by considering the likelihood of that outcome multiplied by the impact of that outcome. This is illustrated…

Gordon Leeks - The Effect of High Impact Low Probability E…

Electricity, Free Full-Text

The risk evaluation based on probability and severity of consequence 

Preparing for High-Impact, Low-Probability Events: Lessons from Eyjafjallajokull (Chatham House Report) (Chatham House Report, January 2012) - Bernice Lee; Felix Preston; Gemma Green: 9781862032538 - AbeBooks

Solved Q. Risk Management - a) Risk management is the

What Is A Risk Matrix?

Probability Impact Matrix

Dr Valérie Masson-Delmotte @valmasdel.bsky.social on X: Low-likelihood, high-impact outcomes could occur at global and regional scales even for global warming within the very likely range for a given greenhouse emissions scenario. The

Promac Group - Do you know? What is Risk Probability And