1.2. Catastrophic Potentials in Risk Judgement

Try these first

1. 1.

   What is probability in the context of risk?

   Hint

   Think about how we measure chances in everyday situations.

2. 2.

   Give an example of a high probability, low consequence risk.

   Hint

   Consider something that occurs regularly.

3. 3.

   What is considered a high probability, low consequence risk?

   • Earthquake
   • Drought
   • Tsunami

   Hint

   Think about events that occur regularly.

4. 4.

   True or False: People often perceive low probability but high consequence events as highly risky.

   • True
   • False

   Hint

   Consider how people react to news of rare but devastating events.

5. 5.

   In a community faced with frequent flooding, analyze how familiarity impacts the residents' perception of risk over time.

   Hint

   Consider how people behave when they experience something regularly.

6. 6.

   Evaluate the role of media in creating panic around a rare event. What repercussions might this have?

   Hint

   Think about the recent news around natural disasters.