A framework for evolving assumptions in risk analysis

Risk assessment can be used to evaluate the risks of complex systems and emerging technologies, such as the human-climate nexus and automation technologies, and to inform pathways and policies. Due to the interconnected and evolutionary features of such topics, risk analysts must navigate the dynamics of changing assumptions and probabilities in the risk assessment. However, the current risk analysis approach neglects to a large extent an explicit consideration of these dynamics, either oversimplifying complex systems or neglecting the likely human response to emerging technologies. In this article, we outline why the evolutionary dynamics of assumptions and probabilities in a risk assessment must receive close attention, and then we provide a possible framework through which to consider the dynamics. Ultimately, we propose a formal approach to conceptualizing and implementing the risk description with respect to feedback loops and complex adaptive systems.

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Publication Details

Journal
Risk Analysis
Published
2025-03-08
DOI
https://doi.org/10.1111/risa.70009
Primary Topic
Complex Systems and Decision Making
Type
article
Field-Weighted Citation Impact
0.00
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article

A framework for evolving assumptions in risk analysis

Kendrick Hardaway, Roger Flage
Risk Analysis
Complex Systems and Decision Making
article

A framework for evolving assumptions in risk analysis

Kendrick Hardaway, Roger Flage
article en

Abstract

Risk assessment can be used to evaluate the risks of complex systems and emerging technologies, such as the human-climate nexus and automation technologies, and to inform pathways and policies. Due to the interconnected and evolutionary features of such topics, risk analysts must navigate the dynamics of changing assumptions and probabilities in the risk assessment. However, the current risk analysis approach neglects to a large extent an explicit consideration of these dynamics, either oversimplifying complex systems or neglecting the likely human response to emerging technologies. In this article, we outline why the evolutionary dynamics of assumptions and probabilities in a risk assessment must receive close attention, and then we provide a possible framework through which to consider the dynamics. Ultimately, we propose a formal approach to conceptualizing and implementing the risk description with respect to feedback loops and complex adaptive systems.

Risk AnalysisVol. 45(8)
Purdue University West Lafayette (US), University of Stavanger (NO)
Climate action
Openalex Percentile: Top 95%
Complex Systems and Decision Making
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