In this episode, Trish and Traci, along with guest Melissa Humphries, discuss the challenges of intuitively understanding uncertainty and likelihoods in risk assessments. They highlight the common pitfalls of dismissing low-likelihood events and the impact of human nature on risk perception. Melissa explains statistical concepts like risk and uncertainty, emphasizing the importance of communicating findings effectively. They delve into the role of statistical methods in identifying influential factors affecting risk and stress the need for storytelling and stakeholder engagement in conveying complex statistical results.
Process Safety with Trish & Traci