An Anatomy of Risk

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Wiley, 1977 - Decision-making - 488 pages
The nature of risk -- Factors in risk valuation and evaluation -- Methodological problems and approaches in the quantification of risks -- Evaluation of revealed societal preferences for risk assessment -- Methodological approach to risk assessment.

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This book provides a fantastic snapshot of how risk was understood and risk research was conducted in the United States of America in the 1970s. The book displays basic concepts, definitions, and methodologies of risk assessment, and risk evaluation in a comprehensive manner. Amazingly, one can easily find the roots of modern ideas of risk research from these concepts, definitions, and methodologies that are presented in this book. With a very useful glossary, and its nicely-edited bibliography and references, this book can serve very well as a classic reference book for scholars and students interested in risk research.
Just as what Dr. William Rowe, the author of the book, wrote in the preface, "the problem of risk assessment [at that time] was so complex that for every question [that was addressed], 10 new questions arose" (p.ix). But isn't this statement still true for modern risk research within a paradigm of what we might now call "post-normal science" (Funtowicz and Ravetz, 1992)?
Funtowicz, S. O., and Ravetz, J. R. (1992). Three Types of Risk Assessment and the Emergence of Post-Normal Science. Chapter 11 in S. Krimsky, and D. Golding (Eds.)’s Social Theories of Risk. Westport, CT, USA: Praeger Publishers. Pp. 251-273.


Part A The Nature of Risk
What is Risk?

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