Decoding Black Swans and Other Historic Risk Events: Progress and Opportunity for Risk Science

The field of risk science is continuously evolving to develop principles and practices that people to manage future risk. Risk and uncertainty are prevalent yet, it is important to consider what is on the horizon, anticipate the possibility of future events, its consequences, our vulnerability to those events, and how to recover from them.

Shital Thekdi is a Professor of Analytics and Operations at the University of Richmond. She has co-authored many papers on risk management and decision-making. She has a Ph.D. in Systems and Information Engineering from the University of Virginia and a M.S.E. and B.S.E. in Industrial and Operations Engineering from the University of Michigan. She has several years of experience working in industry, with extensive supply chain management and operational analytics experience.

Terje Aven has been a Professor in Risk Science at the University of Stavanger, Norway since 1992. Previously he was also Professor (adjunct) in Risk Analysis at the University of Oslo and the Norwegian University of Science and Technology. He has many years of experience as a risk analyst in industry and as a consultant. He is the author of many books and papers in the field, covering both fundamental issues as well as practical risk analysis methods. He has led several large research programmes in the risk area, with strong international participation. He has developed many master programmes in the field and has lectured on many courses in risk analysis and risk management. Aven is Editor-in-Chief of the Journal of Risk and Reliability, and Area Editor of Risk analysis in Policy. He has served as President of the international Society for Risk Analysis (SRA) and Chairman of the European Safety and Reliability Association (ESRA) (2014-2018).