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…

Prospect Theory: What It Is and How It Works, With Examples

When Consulting Projects Go Sideways

Electricity, Free Full-Text

PDF) Integrating High Impact Low Probability Events in Smart Distribution Network Security Standards Through CVaR Optimisation

PDF) Integrating High Impact Low Probability Events in Smart Distribution Network Security Standards Through CVaR Optimisation

What is a 5x5 Risk Matrix & How to Use it?

Project risk assessment: example with a risk matrix template

New tools and methods for High-Impact Low-Probability (HILP) event analysis - #SINTEFblog

Risk Impact Probability Chart - Toolshero