This post provides some general discussion on how we at GCRI currently view risk and decision analysis. It has long been a major theme for our work, but it is somewhat controversial in our own minds. This post shares our current thinking in order to prompt wider discussion of these important but challenging research tools.

GCRI is a leader in the use of risk and decision analysis to understand global catastrophic risk. Risk analysis is the process of characterizing and perhaps quantifying the probabilities and severities …