“Risk know-how is about informed decision-making. Every risk entails a trade-off with the benefits and costs of action or inaction, and we weigh these up to make a decision.” That’s according to a new framework for risk know-how, published in the December 2021 issue of Significance.
The framework has been developed by the Risk Know-How project (www.riskknowhow.org). Risk Know-How is an international partnership between Sense about Science (senseaboutscience.org) and Lloyd’s Register Foundation (lrfoundation.org.uk), with support from colleagues at the Institute for the Public Understanding of Risk at the National University of Singapore (ipur.nus.edu.sg).
In a three-part article for Significance, Tracey Brown, Christine Franklin and Leonor Sierra introduce the framework, and call for statisticians to get involved. Click on the images, or follow the links below to access the article in full.