low-probability, high-impact outcomes

There's an interesting Earth System Dynamics Discussion paper presenting a a simple proposal to improve the contribution of IPCC WG1 to the assessment and communication of climate change risks. Essentially, one can estimate the risk of some outcome by considering the likelihood of that outcome multiplied by the impact of that outcome. This is illustrated…

Probability & Impact Matrix [8]

Qualitative risk assessment

New tools and methods for High-Impact Low-Probability (HILP) event analysis - #SINTEFblog

Gordon Leeks - The Effect of High Impact Low Probability E…

Solved Using the probability/impact matrix below, identify 2

Studio AM - When thinking about risk, we have to keep in mind two things: Risk probability and risk impact. Risk probability reflects on what the chances are that a risk will

Dr Valérie Masson-Delmotte @valmasdel.bsky.social on X: Low-likelihood, high-impact outcomes could occur at global and regional scales even for global warming within the very likely range for a given greenhouse emissions scenario. The

Risk Assessment: Likelihood & Impact - Pratum

Navigating Risk: The Importance of Planning for Low Probability, High Impact Risks — Proxxi

PDF) Integrating High Impact Low Probability Events in Smart Distribution Network Security Standards Through CVaR Optimisation

New tools and methods for High-Impact Low-Probability (HILP) event analysis - #SINTEFblog