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On how to understand and acknowledge risk

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  • Amundrud, Øystein
  • Aven, Terje

Abstract

In Norway two concepts in risk assessment and management – risikoforståelse and risikoerkjennelse – have recently been given much attention, particularly in the oil and gas industry and in societal safety and security contexts. The former concept corresponds quite well to ‘risk understanding’ but the latter does not have an exact counterpart in English – the best term seems to be ‘risk acknowledgement’. The discourse related to these two concepts has given us new general insights concerning the risk concept and its practical use, and the purpose of the present paper is to point to and discuss the main observations made. A main conclusion of the paper is that justified beliefs – what we refer to as knowledge – and the processes of generating these beliefs is an essential feature of both these concepts.

Suggested Citation

  • Amundrud, Øystein & Aven, Terje, 2015. "On how to understand and acknowledge risk," Reliability Engineering and System Safety, Elsevier, vol. 142(C), pages 42-47.
    • Handle: RePEc:eee:reensy:v:142:y:2015:i:c:p:42-47
    DOI: 10.1016/j.ress.2015.04.021
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    References listed on IDEAS

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    1. Aven, T. & Nøkland, T.E., 2010. "On the use of uncertainty importance measures in reliability and risk analysis," Reliability Engineering and System Safety, Elsevier, vol. 95(2), pages 127-133.
    2. Aven, Terje, 2011. "Selective critique of risk assessments with recommendations for improving methodology and practise," Reliability Engineering and System Safety, Elsevier, vol. 96(5), pages 509-514.
    3. Aven, Terje, 2012. "The risk concept—historical and recent development trends," Reliability Engineering and System Safety, Elsevier, vol. 99(C), pages 33-44.
    4. Rae, Andrew & Alexander, Rob & McDermid, John, 2014. "Fixing the cracks in the crystal ball: A maturity model for quantitative risk assessment," Reliability Engineering and System Safety, Elsevier, vol. 125(C), pages 67-81.
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    Cited by:

    1. Shortridge, Julie & Aven, Terje & Guikema, Seth, 2017. "Risk assessment under deep uncertainty: A methodological comparison," Reliability Engineering and System Safety, Elsevier, vol. 159(C), pages 12-23.
    2. Aven, Terje, 2016. "On the use of conservatism in risk assessments," Reliability Engineering and System Safety, Elsevier, vol. 146(C), pages 33-38.
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    4. Antonovsky, A. & Pollock, C. & Straker, L., 2016. "System reliability as perceived by maintenance personnel on petroleum production facilities," Reliability Engineering and System Safety, Elsevier, vol. 152(C), pages 58-65.
    5. Ruipeng Tong & Cunli Zhai & Qingli Jia & Chunlin Wu & Yan Liu & Surui Xue, 2018. "An Interactive Model among Potential Human Risk Factors: 331 Cases of Coal Mine Roof Accidents in China," IJERPH, MDPI, vol. 15(6), pages 1-20, June.

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