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…

Project risk assessment: example with a risk matrix template

Risk Impact/Probability Charts - Learning to Prioritize Risks

Monte Carlo Simulation: History, How it Works, and 4 Key Steps

Preparing for High-Impact, Low-Probability Events: Lessons from Eyjafjallajokull (Chatham House Report) (Chatham House Report, January 2012) - Bernice Lee; Felix Preston; Gemma Green: 9781862032538 - AbeBooks

Electricity, Free Full-Text

Risk Rating - What Is It, Example, Factors, Catagories

Risk Matrix Images – Browse 2,838 Stock Photos, Vectors, and Video

Risk Assessment: Likelihood & Impact - Pratum

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