Low probability disaster scenarios deserve more attention
Friday, May 27, 2011 - 10:31
in Psychology & Sociology
Hazards with horrific outcomes like the disaster at the Fukushima Daiichi nuclear plant in Japan are not only difficult to contemplate but are also challenging to plan for financially. Especially when the odds of them happening are incredibly low, says Stuart I. Greenbaum, management expert at Olin Business School, Washington University in St. Louis.