Misconceptions of Risk

Conception and Misconceptions about Risk looks at the fundamental issues in risk analysis and risk management, providing recommendations and guidance. This book presents the general thinking process related to the understanding of risk, and how we should describe, analyse, evaluate, manage, and communicate risk. In this book a number of important conceptions and misconceptions about risk have been identified their implications for risk analysis and risk management are discussed.

The key statistical concepts are introduced and discussed thoroughly, however a minimum background in statistics, risk analysis and risk management is needed.