How does someone think about risk analysis? Management Science and Engineering department chair Dr. Elisabeth Paté-Cornell breaks down the process of assessing risk: She first speaks with experts to find out how a given system works and how it might fail; then she examines ways of reinforcing a system. A risk analyst can only provide options based on available resources; they cannot make decisions for someone.

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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