ABSTRACT
In this chapter, the author briefly discusses a variety of other elements that go into a risk assessment and explores some of the problems that can arise. Then the chapter discusses some of the issues associated with risk management. Technical experts in risk frequently attempt to quantify risk as some simple functional relation of uncertainty and outcome, such as an expectation value Joss. Measures of this type can be extremely useful. But one-dimensional approaches to the measurement of risk often fall far short of capturing all of the information that is important in determining how people think about and respond to risk. Finally, the chapter concludes with a few general thoughts on the present status of the field of risk assessment and management.
