Fear - Risk Article

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Risks that create fear in individuals:

• Individual screwing up.
• Known unknowns: remote but foreseeable contingencies coming about: the chicken licken scenario.

legitimate risks that do not create fear in individuals:

• Unknown unknowns: black swans do not create fear. It is hard to blame an individual for not anticipating something that, Q.E.D., could not be anticipated.
• Emergent risks: (this is in some respects a special case of an unknown unknown): risks that only arise at a level of abstraction beyond that for which the individual is directly responsible or accountable.