Nov 29, 2023
Climate change is a universal crisis, but the way we assess everything related to this crisis is problematic in itself. By definition, Risk = Likelihood x Impact (or Probability x Liability) which seems to be a straightforward way to measure whether or not you would need something like fire insurance for your home. Today host Jack Russo and Professor Sam Savage discuss why this method of risk assessment is actually horribly flawed in this nutshell version about climate risk.
Click here to learn more about probability and climate risk: https://www.probabilitymanagement.org/