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…

Risk Management Matrix Showing Probability And Impact And High Low Risk, Templates PowerPoint Slides, PPT Presentation Backgrounds

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The missing risks of climate change

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Risk Rating - What Is It, Example, Factors, Catagories

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New tools and methods for High-Impact Low-Probability (HILP) event analysis - #SINTEFblog

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Risk Management - Standard Process/Definitions: Probability of Occurence