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probability High probability High probability Water Supply Systems River/Stream Lowream Low probability High probability High probability High probability Uncovered reservoir Low probability Mod.
probability High probability High probability Wastewater Sewage pumps Low probability High probability High probability High probability Sewage treatment plant Low probability Mod.
He described the Japanese quake as a "low probability, high consequence" event.
probability High probability High probability Civil structures Roads Low probability High probability High probability High probability Rail Negligible Mod.
probability High probability High probability Gutters Low probability Mod.
probability High probability High probability High voltage Negligible Low probability Mod.
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Low probability, high-consequence events are the hallmark of big modern economies.
Natural disasters such as hurricanes damage power distribution systems by low probability- high impact events.
These worries can cause you to obsess so much on these low-probability, low-consequence occurrences that they interfere with your worrying about high-probability, high consequence concerns and prevent you from enjoying your life.
So this is a low-probability, high-risk event.
In "Catastrophe: Risk and Response" (2004), he took up the problem of low-probability, high-impact events.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com