SOC 3750 Lecture Notes - Lecture 9: Risk Management, Reductionism, Regression Analysis
Document Summary
The probability of negative outcomes: most people in casual conversation ask about the negative outcome of the act will be. Risk analysis (ra) vs. risk management (rm: analysis. Deciding on who to let into university. What are the probabilities that this person will not finish school: policy (rm) Making decisions about what you know about risk. Making a policy to prevent risk from happening. Preventing the negative outcomes from happening in the first place. Model getting to complex on trying to analyze what the reduction is. Simplifying concept to help understand them better. The more simplification, the more room for. Because risk is hypothetical, you can predict all error outcomes: hypothetical. Because it is hypothetical, it has not happened yet. The analysis was the terrorism was not. The people thought they knew where terrorists. Took extra precautions in places that were eminent would strike never attacked: identify. Idea is to manage it and minimize the risk.