The Safety of Work Ep.8 Do risk matrices help us make better decisions?
Jan 5, 2020
The discussion unveils the evolution and complexities of risk matrices as decision-making tools. Critics highlight their tendency to oversimplify risk, often prioritizing administrative needs over genuine assessment. Experiments reveal inconsistencies in individuals' risk perception. A novel Two-Box Matrix approach is introduced, focusing on actionable versus non-actionable risks. The hosts urge a reevaluation of traditional risk assessment methods, emphasizing the importance of direct risk reduction strategies to enhance safety and effective decision-making.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 3min
The Limitations of Risk Matrices in Decision-Making
03:09 • 17min
The Complexity of Risk Assessment
20:25 • 5min
Reassessing Risk Matrices
25:08 • 4min
Simplifying Risk Management: The Two-Box Matrix Approach
29:29 • 3min
Evaluating the Efficacy of Risk Matrices in Decision-Making
32:23 • 3min