Question

Describe five components of outrage and provide an example that illustrates the impact each has on risk perception.

Which should be managed first - hazard or outrage? Explain

Answer 1

Answering the first question as HOMEWORKLIB Guidelines:

1. The fundamental components of outrage and their impact on risk perception are as follows:

• Voluntary vs coerced: If the risk is voluntary, then it is perceived as a manageable risk and hence its impact is estimated to be low. The entities are not prepared for the coerced outrage, hence the risk perception is quite high.
• Fair vs Unfair: Fair distribution of risks can have a manageable outrage and a manageable impact, unfair risks can be quite difficult to handle and hence risk perception is higher
• Familiar vs Not familiar: Familiar risks and outrages can be managed quite easily. Hence the risk is perceived to be quite normal. If the risk is not familiar, then it is usually perceived as an impactful risk
• Chronic vs Catastrophic: Chronic risk is usually less dangerous and having manageable impact. Catastrophic risks can be devastating and hence its impact is perceived to be humongous
• Responsive process vs Unresponsive process: A responsive process is manageable and is aligned to its functionality. Hence associated risks are quite manageable. Unresponsive process, on the other hand, has no domain or purview of functionality. Hence the associated risks can be quite dangerous