Risk analysis under attack: How risk science can address the legal, social, and reputational liabilities faced by risk analysts
Peer reviewed, Journal article
Published version
Date
2022Metadata
Show full item recordCollections
Original version
Thekdi, S. A., & Aven, T. (2022). Risk analysis under attack: How risk science can address the legal, social, and reputational liabilities faced by risk analysts. Risk Analysis, 00, 1– 10. 10.1111/risa.13984Abstract
The role of the risk analyst is critical in understanding and managing uncertainty. However, there is another type of uncertainty that is rarely discussed: The legal, social, and reputational liabilities of the risk analyst. Recent events have shown that professionals participating in risk analysis can be held personally liable. It is timely and important to ask: How can risk science guide risk analysis with consideration of those liabilities, particularly in response to emerging and unprecedented risk. This paper studies this topic by: (1) Categorizing how professionals with risk analysis responsibilities have historically been held liable, and (2) developing a framework to address uncertainty related to those potential liabilities. The result of this framework will enable individual analysts and organizations to investigate and manage the expectations of risk analysts and others as they apply risk principles and methods. This paper will be of interest to risk researchers, risk professionals, and industry professionals who seek maturity within their risk programs.