Digital twins have become a popular and widely used tool for assessing risk and resilience, particularly as they have increased in the fidelity and accuracy of their representation of real-world systems. Although digital twins provide the ability to experiment on and assess risks to and from a system without damaging the real-world system, they pose potentially significant security risks. For example, if a digital twin of a power system has sufficient accuracy to allow loss of electrical power service due to a natural hazard to be estimated at the address level with a high degree of accuracy, what prevents someone wishing to lead to disruption at this same building from using the model to solve the inverse problem to determine which parts of the power system should be attacked to maximize the likelihood of loss of service to the target facility? This perspective article discusses the benefits and risks of digital twins and argues that more attention needs to be paid to the risks posed by digital twins.
View Article and Find Full Text PDFThe term "real risk" and variations of this term are commonly used in everyday speech and writing, and in the scientific literature. There are mainly two types of use: i) in statements about what the real risk related to an activity is and ii) in statements about the risk related to an activity being real. The former type of use has been extensively discussed in the literature, whereas the latter type has received less attention.
View Article and Find Full Text PDFArtificial intelligence (AI) has seen numerous applications for risk analysis and provides ample opportunities for developing new and improved methods and models for this purpose. In the present article, we conceptualize the use of AI for risk analysis by framing it as an input-algorithm-output process and linking such a setup to three tasks in establishing a risk description: consequence characterization, uncertainty characterization, and knowledge management. We then give an overview of currently used concepts and methods for AI-based risk analysis and outline potential future uses by extrapolating beyond currently produced types of output.
View Article and Find Full Text PDFVaccines can be seen as one of the greatest successes in modern medicine. Good examples are the vaccines against smallpox, polio, and measles. Unfortunately, vaccines can have side effects, but the risks are considered by the health authorities and experts to be small compared to their benefits.
View Article and Find Full Text PDFData-driven predictive modeling is increasingly being used in risk assessments. While such modeling may provide improved consequence predictions and probability estimates, it also comes with challenges. One is that the modeling and its output does not measure and represent uncertainty due to lack of knowledge, that is, "epistemic uncertainty.
View Article and Find Full Text PDFThis article aims to provide new insights about risk and uncertainty in law contexts, by incorporating ideas and principles of contemporary risk science. The main focus is on one particular aspect of the law: its operation in courts where a defendant has been charged with a violation of civil or criminal law. Judgements about risk and uncertainty-typically using the probability concept-and how these relate to the evidence play a central role in such situations.
View Article and Find Full Text PDFThere is a persistent misconception that risk analysis is only suited for considering the immediate consequences of an event. Such a limitation would make risk analysis unsuitable for many challenges, including resilience, sustainability, and adaptation. Fortunately, there is no such limitation.
View Article and Find Full Text PDFSurveys are commonly used to quantify public opinions of climate change and to inform sustainability policies. However, conducting large-scale population-based surveys is often a difficult task due to time and resource constraints. This paper outlines a machine learning framework-grounded in statistical learning theory and natural language processing-to augment climate change opinion surveys with social media data.
View Article and Find Full Text PDFOver the years, industrial safety regulation has shifted from a "hard" command and control regime to a "soft" regime. A "hard" regime includes the use of strict prescriptive requirements which explain how industry should solve particular issues. A "soft" regime, uses more functional requirements, pointing out what goals are to be achieved.
View Article and Find Full Text PDFRisk analysis as a field and discipline is about concepts, principles, approaches, methods, and models for understanding, assessing, communicating, managing, and governing risk. The foundation of this field and discipline has been subject to continuous discussion since its origin some 40 years ago with the establishment of the Society for Risk Analysis and the Risk Analysis journal. This article provides a perspective on critical foundational challenges that this field and discipline faces today, for risk analysis to develop and have societal impact.
View Article and Find Full Text PDFThe Petroleum Safety Authority Norway (PSA-N) has recently adopted a new definition of risk: "the consequences of an activity with the associated uncertainty." The PSA-N has also been using "deficient risk assessment" for some time as a basis for assigning nonconformities in audit reports. This creates an opportunity to study the link between risk perspective and risk assessment quality in a regulatory context, and, in the present article, we take a hard look at the term "deficient risk assessment" both normatively and empirically.
View Article and Find Full Text PDFRecently, the concept of black swans has gained increased attention in the fields of risk assessment and risk management. Different types of black swans have been suggested, distinguishing between unknown unknowns (nothing in the past can convincingly point to its occurrence), unknown knowns (known to some, but not to relevant analysts), or known knowns where the probability of occurrence is judged as negligible. Traditional risk assessments have been questioned, as their standard probabilistic methods may not be capable of predicting or even identifying these rare and extreme events, thus creating a source of possible black swans.
View Article and Find Full Text PDFIn the analysis of the risk associated to rare events that may lead to catastrophic consequences with large uncertainty, it is questionable that the knowledge and information available for the analysis can be reflected properly by probabilities. Approaches other than purely probabilistic have been suggested, for example, using interval probabilities, possibilistic measures, or qualitative methods. In this article, we look into the problem and identify a number of issues that are foundational for its treatment.
View Article and Find Full Text PDFExpert knowledge is an important source of input to risk analysis. In practice, experts might be reluctant to characterize their knowledge and the related (epistemic) uncertainty using precise probabilities. The theory of possibility allows for imprecision in probability assignments.
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