Risk Planning on a Wider Scale

Mark Jablonowski

Chapter 6 in Managing High-Stakes Risk, 2009, pp 85-100 from Palgrave Macmillan

Abstract: Abstract In the previous chapters we have identified the nature of high-stakes risks as widespread, and accumulative. Their uncertain character, combined with the finality of their outcomes, requires a strong precautionary approach. From this basic nature of high-stakes risk, we can easily figure that some sort of planning effort is essential. We have framed this basic structure for assessing alternatives for safe progress using the scenario-based structure known as backcasting. In backcasting, we attempt to identify feasible paths of safe progress, which at the same time maintain some degree of flexibility against the unknown. The very notions of widespread effects and identification of desirable end-states means that any such efforts can only succeed if applied on a wider scale.

Keywords: Wide Scale; Economic Planning; Previous Chapter; Catastrophic Risk; Risk Planning (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25120-5_6

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DOI: 10.1057/9780230251205_6

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