Risk perception and decision-making

Brian Toft and Simon Reynolds
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Brian Toft: Marsh Ltd

Chapter Chapter 1 in Learning from Disasters: A Management Approach, 2005, pp 1-11 from Palgrave Macmillan

Abstract: Abstract This chapter discusses a number of potentially dysfunctional socio-psychological mechanisms that appear able to affect the perception of risk and the decision-making ability of both individuals and groups of people. It is argued that these influences, if not explicitly managed, can prevent people from making the most appropriate decision and thus increase the risk of a disaster or an unwanted incident occurring. A number of tactics to prevent or ameliorate the affects of these mechanisms are discussed.

Keywords: Risk Perception; Cognitive Dissonance; Dangerous Situation; Hindsight Bias; Availability Heuristic (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27902-9_1

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DOI: 10.1007/978-1-349-27902-9_1

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