Comparisons and discussion of different integrated risk approaches

To analyze and manage risk an approach or framework is required, defining what risk is, and guiding how risk should be assessed and handled. Many such approaches and frameworks exist. To categorize these, Renn (1992, 2007) introduce a classification structure based on disciplines and perspectives. He distinguishes between:

Statistical analysis (including the actuarial approach), Toxicology, Epidemiology, Probabilistic risk analysis, Economics of risk, Psychology of risk, Social theories of risk, Cultural theory of risk.