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Risk Assessment – a human psychology approach


  • Mazareanu, Valentin


As most of us already know, risk management means making steps in order to identify those risks with a highly probability of causing problems to a project, to analyze the probability of loss and the magnitude of loss for each risk and developing composed risks, to classify the risk points identified according to the composed risks they belong to. All these processes are important in a risk management plan, but one is definitely considered to be a “landmark” for the rest. And this is risk assessment. At this point a risk manager would probably choose a qualitative approach or a quantitative one? This paper will make a short overview over the risk evaluation process but also proposing a new approach in this direction - a human psychology approach.

Suggested Citation

  • Mazareanu, Valentin, 2007. "Risk Assessment – a human psychology approach," MPRA Paper 16350, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:16350

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    References listed on IDEAS

    1. Palacios, Robert & Whitehouse, Edward, 1998. "The role of choice in the transition to a funded pension system," Social Protection and Labor Policy and Technical Notes 20109, The World Bank.
    2. Rofman, Rafael & Demarco, Gustavo, 1999. "Collecting and transferring pension contributions," Social Protection and Labor Policy and Technical Notes 20122, The World Bank.
    3. Vittas, Dimitri, 1998. "Regulatory controversies of private pension funds," Policy Research Working Paper Series 1893, The World Bank.
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    More about this item


    risk management; assessment; human factor; psychology;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty


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