Real risks of real life don’t always involve airplanes and nuclear power plants. Dr. M. Elisabeth Paté-Cornell shares a personal example: She has a two-year-old little boy who likes to tumble down the stairs in her new home. If that doesn’t sound dangerous enough, the landing also has a sharp post. Dr. Paté-Cornell uses risk analysis to calculate the number of times her son might tumble down the stairs, the accident rate and possible solutions. The result: She builds a bumper of three baskets that can absorb the force of a basketball without breaking.

Video clips from: Risky Business: Analysis from an Engineering Perspective [Entire talk]

2 minutes

Do Entrepreneurs Take More Risks?

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4 minutes

Dynamic Model of Accidents

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4 minutes

Classic Example of a Future Accident

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3 minutes

System Analysis in Risk Assessment

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4 minutes

The Process of Risk Assessment

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3 minutes

Real-Life Risk Analysis

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1 minutes

Risk Analysis Examines Uncertainties

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