Uncertain Risk : The Role and Limits of Quantitative Assessment

The assessment and management of uncertain risks is an essential component of science, engineering, medicine, business, law and other modern disciplines. I. Good argues that risk science based on the evaluation of probabilistic events has been useful in saving and improving lives throughout history, “since the assessment of uncertainty incorporates the idea of learning from experience which most creatures do” (Good, 1959). Learning from experience is only part of the challenge, since many decisions involve new or evolving risk scenarios in which humans have little or no experience. Risk management capabilities must include the ability to respond to risks that are known and well understood, and the ability to detect and anticipate those that are newly emerging (e.g., USEPA SAB, 1995; NRC, 1999; USEPA ORD, 2000). Uncertainty analysis provides a framework for characterizing the position of a problem along this continuum and the implications for appropriate response and management.