| Risky Business: Analysis from an Engineering Perspective (Entire talk) | January 27, 2010 |
Elisabeth Paté-Cornell
|
Stanford University |
Entrepreneurial Thought Leaders Lecture Series |
| Views: 1974 |
|
Earn graduate credit for this quarter's Entrepreneurial Thought Leaders Seminar through the Stanford Center for Professional Development. Visit the online course catalog.
| Video 1 of 8 from this talk |
- 58:45Risky Business: Analysis from an Engineering Perspective (Entire talk)
- 00:59Risk Analysis Examines Uncertainties
- 02:02Real-Life Risk Analysis
- 03:02The Process of Risk Assessment
- 02:36System Analysis in Risk Assessment
- 03:38Classic Example of a Future Accident
- 03:27Dynamic Model of Accidents
- 02:29Do Entrepreneurs Take More Risks?
Description
Don't set sail without thinking first: this sage advice sums up risk analysis for Elisabeth Paté-Cornell, department chair of Management Science and Engineering at Stanford University. She explains that risk assessment involves the study of scenarios, probabilities, and consequences. A risk analyst uses logic and statistics to makes sense of uncertainties and provides possible solutions to derail disaster. While some events force quick thinking, most can be avoided with a little forethought. After all, she simplifies: risk analysis isn't just nuclear reactors, it's also real life.
Comments 
Related Videos:
