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Hw_1_Criteria_FlyDrive - CEE 597 Risk Analysis and...

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CEE 597 – Risk Analysis and Management Homework Assignment #1 Reading For this week is: Broad, Hoffuhr , Berstein, , Shodell (background), Wilson , Slovic et al. (will be addressed later) , Morgan1 & Morgan2 (background). For Monday PLEASE read Evans et al. (plus comment) & Sivak et al. Homework Assignment for Friday February, 1, 2008 1) Berstein’s introduction to Against the Gods, provides a very short review of the history of the human understanding and of the management of risk. In just 50 words or less, summarize why modern probability-based and quantitative risk assessment methods are important for the functioning of our society? 2) Consider the one page editorial: "The Probability of Risk," by Jack W. Hoffuhr, JAWWA, 91 (10), 6, 1999, that is in the CEE597 Course Packet. What four basic concepts does he think need to be understood to understand the role of risk analysis in public decision making? Give an example that illustrates a risk-risk tradeoff where lowering the risk in one area is likely to result in increased risk in another. [These points will be coming up throughout the course.] 3) Answer question 4 on page 16 (Morgan1) of Readings in Risk.
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