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Precaution in Context

In: Risk Dilemmas

Author

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  • Mark Jablonowski

Abstract

We have defined high-stakes or catastrophic risks as, roughly, those that entail the destruction of the entity. They are final and irreversible in their effects. It is this terminal nature from which the catastrophe problem arises: How do we approach decision when we don’t get a second chance to get things right? In the process, we have steered clear of context. That is, the issue that the notion of catastrophe is relative to the entity at risk. What is catastrophic to the individual may have little effect on society. Regional issues may themselves pale when compared to the fate of the world at large. One reason we have not emphasized context is that, to a great extent, the notion of high-stakes decision criteria can be applied generally. Avoidance of disaster makes sense whether that disaster affects the individual, a community, or even a business enterprise.

Suggested Citation

  • Mark Jablonowski, 2007. "Precaution in Context," Palgrave Macmillan Books, in: Risk Dilemmas, chapter 4, pages 56-67, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28859-1_4
    DOI: 10.1057/9780230288591_4
    as

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