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Risk Perceptions in Risk Matrix: Sources and Impact to Risk Matrix Design

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Risk Matrix

Part of the book series: Innovation in Risk Analysis ((IRA))

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Abstract

Risk matrix is essentially a qualitative risk assessment tool, and thus the design of risk matrix highly relies on person’s subjectivity. This kind of subjectivity reflects a decision maker’s perception towards a risk. In this chapter, we identify several kinds of risk perception in risk matrix that affect the final risk judgement and analyze their effect on risk matrix design.

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Author information

Authors and Affiliations

  1. School of Management, Shandong University, Jinan, China

    Chunbing Bao

  2. School of Economics and Management, University of Chinese Academy of Sciences, Beijing, China

    Jianping Li

  3. Institutes of Science and Development, Chinese Academy of Sciences, Beijing, China

    Dengsheng Wu

Authors
  1. Chunbing Bao
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  2. Jianping Li
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  3. Dengsheng Wu
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Corresponding author

Correspondence to Jianping Li .

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© 2022 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

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Bao, C., Li, J., Wu, D. (2022). Risk Perceptions in Risk Matrix: Sources and Impact to Risk Matrix Design. In: Risk Matrix. Innovation in Risk Analysis. Springer, Singapore. https://doi.org/10.1007/978-981-19-1480-5_4

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