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Some companies may want to spend more than average on mitigating even the most unlikely risks, because of the sensitive nature of their business.
Consumers spend a lot of time worrying about the dramatic but unlikely risks associated with these practices, they say, yet little on the everyday health hazards in food, such as salmonella and E-coli, which they can do much to avoid.Nevertheless, as people demand to know more about the intensive, industrial farming of northern Europe, some pretty creepy practices are being exposed.
First, investors (and possibly intermediaries) neglect certain unlikely risks.
The government says the registers look at "likely and unlikely risks" - some of which, it says, are already in the published impact assessments.
This is the process of protecting portfolios against highly unlikely risks that exist at the extreme tail ends of the bell curves used to model risk probabilities.
Of the 179 substances examined, 12 (6.7%) were deemed definite risks, 9 (5.0%) probable risks, 24 (13.4%) possible risks, 16 (8.9%) unlikely risks, and 118 (65.9%) uncertain risks.
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What was not considered sufficiently, perhaps, is just how serious an unlikely risk may be.
A more unlikely risk-management role-model is hard to imagine.A liberal sprinkling of juicy stories from the trading floor, many involving Mr Bookstaber himself, also helps to keep the reader engaged.
This finding is in agreement with a number of other large-scale studies in the literature [[9],[10],[28]], suggesting that sex is an unlikely risk factor for root resorption.
One unlikely risk may be that children lose range of motion in certain joints that may ultimately affect their motor function.
That would of course be ridiculous; we rightly invest in our security and defense as one component of hedging against unknown or unlikely security risks".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com