Related Experiment Video
Updated: Jul 9, 2025

An R-Based Landscape Validation of a Competing Risk Model
Published on: September 16, 2022
Risk science applied to major risk events in history
1Robins School of Business, University of Richmond, Richmond, Virginia, USA.
Abstract:
Major risk events in history are often labeled as black swans or as unforeseeable given the risk policies and procedures existing at the time. Hindsight suggests that many of these events could have been foreseeable. This article explores past risk events, (1) analyzes how risk science principles apply to those events, and (2) studies gaps and opportunities for risk science using the lenses of consequences, uncertainty, and knowledge as they relate to evidence used for risk assessment prior to the risk event. New insights are obtained, relating to general foundational risk science issues and a classification system for characterizing the integrity and quality of evidence in risk studies. The analysis results are used to identify how risk science approaches contribute to the overall management of risk and societal safety, and where improvements can be obtained.
Related Concept Videos
Hazard Rate
Steps in Outbreak Investigation
Types of Biopharmaceutical Studies: Controlled and Non-Controlled Approaches
Non-controlled studies, commonly employed for initial exploration, lack a control group, rendering them susceptible to biases and external influences. In contrast,...
Introduction To Survival Analysis
The primary goal of survival analysis is to estimate survival time—the time...
Statistical Methods for Analyzing Epidemiological Data
Hazard Ratio
For example, in a clinical trial...

