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On Funtowicz and Ravetz's “Decision Stake—System Uncertainties” Structure and Recently Developed Risk Perspectives

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  • Terje Aven

Abstract

The Funtowicz and Ravetz model for classifying problem‐solving strategies into applied sciences, professional consultancy, and postnormal sciences is well known in the social science risk literature. The model is illustrated in a diagram based on the two axes: (i) decision stakes—the value dimension (costs, benefits) and (ii) the system uncertainties—the knowledge dimension. These axes resemble the same two dimensions that characterize some recently developed risk perspectives: (a) consequences and the severity of these consequences and (b) associated uncertainties. In this article, we make a detailed comparison of these two types of risk frameworks. We point to similarities and differences in motivation and use. A main conclusion of the article is that these risk perspectives all provide adequate scientific bases for the Funtowicz and Ravetz model. New insights are provided on the understanding of what the outcome stakes/consequences and uncertainty dimensions really capture in these perspectives and frameworks.

Suggested Citation

  • Terje Aven, 2013. "On Funtowicz and Ravetz's “Decision Stake—System Uncertainties” Structure and Recently Developed Risk Perspectives," Risk Analysis, John Wiley & Sons, vol. 33(2), pages 270-280, February.
    • Handle: RePEc:wly:riskan:v:33:y:2013:i:2:p:270-280
    DOI: 10.1111/j.1539-6924.2012.01857.x
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    References listed on IDEAS

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    1. Funtowicz, Silvio O. & Ravetz, Jerome R., 1994. "The worth of a songbird: ecological economics as a post-normal science," Ecological Economics, Elsevier, vol. 10(3), pages 197-207, August.
    2. Stanley Kaplan & B. John Garrick, 1981. "On The Quantitative Definition of Risk," Risk Analysis, John Wiley & Sons, vol. 1(1), pages 11-27, March.
    3. Terje Aven & Ortwin Renn, 2010. "Risk Management and Governance," Risk, Governance and Society, Springer, number 978-3-642-13926-0, March.
    4. Terje Aven & Ortwin Renn, 2009. "On risk defined as an event where the outcome is uncertain," Journal of Risk Research, Taylor & Francis Journals, vol. 12(1), pages 1-11, January.
    5. Didier Dubois, 2010. "Representation, Propagation, and Decision Issues in Risk Analysis Under Incomplete Probabilistic Information," Risk Analysis, John Wiley & Sons, vol. 30(3), pages 361-368, March.
    6. Kimberly M. Thompson & Paul F. Deisler & Richard C. Schwing, 2005. "Interdisciplinary Vision: The First 25 Years of the Society for Risk Analysis (SRA), 1980–2005," Risk Analysis, John Wiley & Sons, vol. 25(6), pages 1333-1386, December.
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    Cited by:

    1. Matteo Spada & Peter Burgherr, 2020. "Comparative Risk Assessment for Fossil Energy Chains Using Bayesian Model Averaging," Energies, MDPI, vol. 13(2), pages 1-21, January.

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