Abstract
Acceptance criteria applied in practical risk analysis are
recapitulated including the concept of rist profile. Modelling of
risk profiles is illustrated on the basis of compound Poisson
process models. The current practice of authoritative acceptance
criteria formulation is discussed from a decision theoretical
point of view. It is argued that the phenomenon of risk aversion
rather than being of concern to the authority should be of concern
to the owner. Finally it is discussed whether there is an ethical
problem when formally capitalising human lives with a positive
interest rate. Keywords: Risk acceptance, Risk profile, Compound
Poisson model for risk profile, Capitalization of human life, Risk
aversion.
| Original language | English |
|---|---|
| Title of host publication | l5th Congress |
| Place of Publication | Slagelse |
| Publisher | IABSE-AIPC-IVBH |
| Publication date | 1996 |
| Pages | 653-664 |
| Publication status | Published - 1996 |
| Event | l5th IABSE Congress: Structural Engineering in
Consideration of Econorny, Environment and Energy - Copenhagen Duration: 1 Jan 1996 → … |
Conference
| Conference | l5th IABSE Congress: Structural Engineering in Consideration of Econorny, Environment and Energy |
|---|---|
| City | Copenhagen |
| Period | 01/01/1996 → … |