This is the first book to introduce the full spectrum of security and risks and their management. Author and field expert Bruce Newsome helps readers learn how to understand, analyze, assess, control, and generally manage security and risks from the personal to the operational. They will develop the practical knowledge and skills they need, including analytical skills, basic mathematical methods for calculating risk in different ways, and more artistic skills in making judgments and decisions about which risks to control and how to control them.

Tolerability and Sensitivity

Tolerability and sensitivity

This chapter reviews human sensitivity to and toleration of different risks. Awareness of risk tolerance is useful strategically because the strategist normally would seek to control intolerable risks but not control tolerable risks. To control all risks would be more burdensome and unnecessary, although more sensitive stakeholders may force us to do so. Sometimes the security and risk manager's job includes managing the sensitivities of different stakeholders in order to mitigate the dysfunctions associated with distorted sensitivities.

The sections below define sensitivity and tolerability, describe the cultural and social drivers of sensitivity, describe the psychological and situational drivers of sensitivity, and compare some real risks and sensitivities.

Defining Tolerability and Sensitivity

Risk tolerance implies that we are prepared to live with the ...

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