Are risk matrices better than nothing? Should we use them because we don’t have a better alternative? Or, can matrices result in assessments **worse than random chance**, reward arbitrary calculations, and reinforce human perceptual filters and risk blindness? Are many of the issues of matrices baked into their design, rather than resulting from the users?… Continue reading Should risk matrices simply be abandoned because of their baked-in flaws?
Tag: matrices
Problems with Risk Matrices Using Ordinal Scales
This covers some core problems with risk matrices. It’s argued that while they’re established tools, appearing to be “authoritative, and intellectually rigorous”, this “could be just an illusion …bred by the human bias of uncertainty aversion and authority bias”. Hence, matrices have “many flaws” that can “diminish their usefulness to the point where they become… Continue reading Problems with Risk Matrices Using Ordinal Scales
Ethical use of Risk Matrices
I found this an interesting section of a paper which I’ll post soon – talking briefly of the ethics of risk matrices. They’ve barely touched the surface, but good to see the reference to ethical practice in risk. Some points are that: Study posted maybe next week. Ref: Sutherland, H., Recchia, G., Dryhurst, S., &… Continue reading Ethical use of Risk Matrices
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