EconTalk cover image

Luca Dellanna on Risk, Ruin, and Ergodicity

EconTalk

00:00

The Pyramid of Risk in Manufacturing Risk Management

The pyramid of risk principle is an idea from the 1930s used in manufacturing risk management./nFor each deadly accident, there are a few accidents in which injury was provoked./nEvaluated behavior based on injuries on the top of the pyramid is not an effective method for safety./nBehavior should be adjusted based on near-misses at the bottom of the pyramid./nLimitations exist, but the pyramid framework is still useful.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app