Risk Management

, Volume 7, Issue 2, pp 7–17

Seven Myths of Risk

  • Sven Ove Hansson
Research Article

DOI: 10.1057/palgrave.rm.8240209

Cite this article as:
Hansson, S. Risk Manag (2005) 7: 7. doi:10.1057/palgrave.rm.8240209

Abstract

Communication between experts and the public has turned out to be unusually difficult in the field of risk research. These difficulties are closely connected to a series of recalcitrant misconceptions of risk and its social preconditions. In this paper, seven of the most pernicious myths of risk are exposed, namely: first, that ‘risk’ must have a single, well-defined meaning; second, that the severity of risks should be judged according to probability-weighted averages of the severity of their outcomes; third, that decisions on risk should be made by weighing total risks against total benefits; fourth, that decisions on risk should be taken by experts rather than by laymen; fifth, that risk-reducing measures in all sectors of society should be decided according to the same standards; sixth, that risk assessments should be based only on well-established scientific facts; and seventh, that if there is a serious risk, then scientists will find it if they look for it.

Keywords

Risk risk communication risk analysis cost-benefit analysis sound science 

Copyright information

© Palgrave Macmillan 2005

Authors and Affiliations

  • Sven Ove Hansson
    • 1
  1. 1.Philosophy Unit, Royal Institute of TechnologyStockholm

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