low-probability, high-impact outcomes

There's an interesting Earth System Dynamics Discussion paper presenting a a simple proposal to improve the contribution of IPCC WG1 to the assessment and communication of climate change risks. Essentially, one can estimate the risk of some outcome by considering the likelihood of that outcome multiplied by the impact of that outcome. This is illustrated…

The quantification of low-probability–high-consequences events: part I. A generic multi-risk approach

Studio AM - When thinking about risk, we have to keep in mind two things: Risk probability and risk impact. Risk probability reflects on what the chances are that a risk will

Discrete Probability Distribution: Overview and Examples

Qualitative risk assessment

Climate Endgame: Exploring catastrophic climate change scenarios

Risk matrices - Barrier Based Risk Management Knowledge base

Intensive and extensive risk

Solved Q. Risk Management - a) Risk management is the

Gordon Leeks - The Effect of High Impact Low Probability E…

low-probability, high-impact outcomes

Risk Likelihood: Meaning, Usage, Calculation, and More - ECLIPSE Suite

Risk Impact Probability Chart - Toolshero

Advancing research on compound weather and climate events via large ensemble model simulations