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Is risk analysis scientific?

Sven Ove Hansson1, Terje Aven

  • 1Royal Institute of Technology, Stockholm, Sweden.

Risk Analysis : an Official Publication of the Society for Risk Analysis
|June 13, 2014
PubMed
Summary

Risk analysis is a scientific field, encompassing knowledge of risk phenomena and the methods used to understand, assess, and manage risks. This scientific foundation supports evidence-based decision-making for various applications.

Keywords:
Consensusknowledgenormsobjectivityprobabilityriskscienceuncertaintyvalues

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Area of Science:

  • Risk analysis
  • Decision science
  • Scientific methodology

Background:

  • Defining scientific knowledge based on subject matter, knowledge development, and epistemic norms.
  • Assessing risk analysis against established criteria for scientific fields.

Purpose of the Study:

  • To determine the extent to which risk analysis qualifies as a scientific field.
  • To evaluate risk analysis using a defined model and criteria for scientific knowledge.

Main Methods:

  • Utilizing a model for risk analysis integrating evidence, knowledge base, risk evaluation, managerial review, and decision-making.
  • Analyzing the interplay between experts, decision-makers, and fact-based versus value-based domains within risk analysis.

Main Results:

  • Risk analysis aligns with scientific criteria when viewed as a body of knowledge about risk phenomena.
  • The instrumental aspect of risk analysis, including its concepts, theories, and methods, is scientific.

Conclusions:

  • Risk analysis is fundamentally a scientific field of study.
  • It provides essential knowledge and tools for understanding, assessing, and managing risks effectively.