The role of expertise in risk communication: laypeople's and expert's perception of the millennium bug risk in The Netherlands

This paper focuses on the discussion of the role of expertise in risk communication. It describes empirical data on the risks posed by the Millennium bug in 1999 in the Netherlands. The study systematically examined the risk perception of both general public and computer experts with respect to the Millennium bug, assessing a potential discrepancy between the layman's and the expert's judgement, as has been observed in other risk areas. Two surveys were fielded, the first aimed at a random sample of the Dutch population ( n = 253), the second at a sample of computer experts ( n = 91). Results indicated that respondents did not perceive the Millennium bug to be a major threat. However, laypeople worried more, did see the issue as more personally risky, and did think the level of public awareness was higher than experts did. Computer experts felt more capable of taking mitigating actions than laypeople, and were more convinced that these actions were adequate. The implications of these findings for the role of expertise in risk communication are discussed.     

Traffic risk perception,road safety attitudes,and behaviors among road users: a comparison of Turkey and Norway

The present study aims to investigate differences in road safety attitudes, driver behavior, and traffic risk perception between Turkey and Norway. A questionnaire survey was conducted among a sample of Norwegian (n?=?247) and Turkish (n?=?213) road users. The results show that Turkish respondents perceived traffic risk to be higher than Norwegian respondents. Turkish respondents reported safer attitudes towards drinking and driving than Norwegian respondents, while Norwegians reported safer attitudes towards speeding. Turkish respondents reported a lower frequency of speeding behaviors than Norwegian respondents, whereas Norwegian respondents reported a lower frequency of drinking and driving. Traffic risk perception was related to road safety attitudes and behaviors among Norwegian respondents but not among Turkish respondents. The results were discussed with respect to differences in traffic safety, traffic culture, and the development levels in Turkey and Norway.     

The joint influence of financial risk perception and risk tolerance on individual investment decision‐making

The increasing complexity of the investment environment has accelerated the need for better quality financial advice services. Central to quality advice is advisers’ accurate assessment of their clients’ risk characteristics. Typically a client's risk characteristic is assessed by measuring the client's risk tolerance but not risk perception. To assess whether this practice fails to fully capture the client's risk profile, we explore both risk tolerance and risk perception in the investment decision‐making context. Using Australian online survey data of financial adviser clients (n = 364), our results reveal that risk tolerance influences risky‐asset allocation directly and indirectly through risk perception. These results thus clarify the joint role of both risk constructs in the investment making decision and highlight the importance of assessing both in the provision of client financial advice services. Importantly, our results validate a new comprehensive risk perception measure applicable in the financial advice context.     

The perception of risk among unauthorized migrants in Ghana

Abstract

In recent years, the number of unauthorized migrants trying to reach Europe by boat has increased. In an attempt to curtail this trend, European countries have increasingly deployed information campaigns regarding the risks involved in unauthorized migration. The assumption behind these campaigns is that a strong relation exists between the prevalence of high-risk migration and a lack of awareness of the involved dangers, and that the dissemination of ‘objective’ information would cause prospective migrants to refrain from leaving. Although regarded as a crucial tool in the management of migration, there is little evidence on their effectiveness. Based on four weeks of fieldwork in Ghana, this qualitative study has sought to fill this lacuna. By concentrating on both the circulation and perception of the available risk information in Ghana, this article explores the ways in which notions of risk affect the motivation and decision of unauthorized migrants to engage in high-risk behaviour. Thereby, it will be argued that unauthorized migrants are not the ignorant actors they are often portrayed to be, but that they make their decisions carefully and within a particular vulnerable, socioeconomic and cultural context.     

Corporate governance and risk management: The role of risk management and compensation committees

This paper examines the role of compensation and risk committees in managing and monitoring the risk behaviour of Australian financial firms in the period leading up to the global financial crisis (2006–2008). This empirical study of 711 observations of financial sector firms demonstrates how the coordination of risk management and compensation committees reduces information asymmetry. The study shows that the composition of the risk and compensation committees is positively associated with risk, which, in turn, is associated with firm performance. More importantly, information asymmetry is reduced when a director is a member of both the risk and compensation committees which moderate the negative association between risk and firm performance for firms with high risk.     

Are required SEC proxy disclosures about the board’s role in risk oversight substantive?

The U.S. Securities and Exchange Commission (SEC) requires companies it regulates to include disclosures about the board’s role in risk oversight in the annual proxy statement to shareholders. The SEC does not mandate specific content or actions that boards should perform as part of their risk oversight responsibilities, leaving the nature of activities and extent of those disclosures to the discretion of the reporting entity. This study examines whether these disclosures contain substantive information reflective of the effectiveness of the organization’s risk oversight. We find that organizations disclosing more specific information (but not simply more information) about board risk oversight practices are associated with firms independently assessed as having the strongest management and governance processes. These findings suggest that these firms use the discretion provided by the SEC’s disclosure rule to provide substantive and potentially value-relevant information for stakeholders about the entity’s risk management processes and board risk oversight activities.     

Overconfidence,risk perception and the risk-taking behavior of finance professionals

This paper highlights the role played by overconfidence and risk perception in the risk-taking behaviors of finance professionals. We interviewed 64 high-level professionals and demonstrate that they are overconfident in both the general and the financial domains. Using a recent measure proposed by Glaser et al. (2013), we indicate that respondents are overconfident in forecasting future stock prices. We demonstrate that the risk they are willing to assume is positively influenced by overconfidence and optimism and negatively influenced by risk perception. However, the stock return volatility anticipated is, in most cases, an insignificant determinant of the risk that professionals are ready to assume.     

Effective risk communication and CCS: the road to success in Europe

Over the past ten years or so, there have been multiple attempts to site and build carbon capture and storage (CCS) facilities in Europe, North America and elsewhere. To date, most of those attempts have not been successful. In Europe, for example, there are currently no commercial CCS facilities in operation. There are a number of reasons for this, ranging from lack of political will, the collapsing price of CO₂, lack of commercial drivers to capture and store CO₂, and public opposition to the proposed facilities. There have been several case studies examining the communication challenges associated with the siting of CCS facilities. Up till now, most of this research has been carried out by climate change or carbon policy experts as well as social researchers rather than scientists representing the wider risk communication community, aside from some notable exceptions. This study does the opposite by examining CCS from a broader risk communication perspective. It provides a brief overview of risk communication theory in order to situate some of the findings of the CCS communication research, and then, it makes some recommendations on how the siting of CCS facilities could be improved including the importance of trust, proactive communication and early stakeholder involvement. In conclusion, this study notes that if the science associated with the technology is communicated in the correct manner and if the key risk communication recommendations are adhered to, then the siting of future CCS facilities should be successful.     

The role of negative associations and trust in risk perception of new hydrogen systems

In this study the moderating role of trust and negative affective associations on the inverse relationship between risk and benefit judgements is investigated. A survey (N = 406) was held in the Netherlands on the public perception of new hydrogen systems, during the time that a demonstration project with hydrogen buses was being undertaken. The data of the survey show that for the group of respondents with a negative evaluation of trust in actors involved, an inverse relationship between risk and benefit judgements can be observed. Furthermore, for the group of respondents that had elicited negative affective spontaneous associations with hydrogen in general, the inverse relationship was also found. The inverse relationship between risk and benefit judgements was not observed in the group not making these spontaneous associations. The strongest negative correlation between risk and benefit judgements was found for those who had a negative evaluation of trust and had elicited negative affective spontaneous associations. In all cases the general affective evaluation of hydrogen systems was the mediating factor in this inverse relationship between risk and benefit judgements. These findings provide evidence for the moderating role of trust and negative affective associations on the observed inverse relationship between perceived benefit and perceived risk.     

Light me up: power and expertise in risk communication and policy-making in the e-cigarette health debates

Abstract

This paper presents a detailed account of policy-making in a contemporary risk communication arena, where strong power dynamics are at play that have hitherto lacked theoretical analysis and empirical validation. Specifically, it expands on the understanding of how public health policy decisions are made when there is a weak evidential base and where multiple interpretations, power dynamics and values are brought to bear on issues of risk and uncertainty. The aim of the paper is to understand the role that power and expertise play in shaping public health risk communication within policy-related debates. By drawing on insight from a range of literatures, the paper argues that there several interacting factors that shape how a particular narrative gains prominence within a wider set of perspectives and how the arguments and findings associated with that perspective become amplified within the context of policy choices. These findings are conceptualised into a new model – a policy evaluation risk communication (PERC) framework – and are then tested using the Electronic cigarette debate as a case study.     

The relationship between awareness of road safety measure and accident involvement in pre-drivers: the basis of a road safety programme

Objectives: This research aims to carry out a first validation of the QAR-Precon screening questionnaire applied in Catalonia during the drivers’ initial training, analyse the differences in risky road user behaviour according to two main variables: whether they had any experience of an accident and sex and examine the different risky road user patterns of pre-drivers. Methods: In order to group the questionnaire variables together, an exploratory factorial analysis (principal component analysis (PCA)) was used. Subsequently, the reliability coefficients of the questionnaire and the subscales were calculated. Lastly, ANOVA models were used to compare differences in the whole sample and a cluster analysis was performed to identify different risky pre-driver groups. Results: The factorial analysis (PCA) reveals the existence of five risk factors (speed and risk, external circumstances, distraction, alcohol and driving and other elements of driving) that explain 44.6% of the variance. More males than females reported that they had a higher tendency to take risks in all the risky factors exposed and injured pre-drivers reported less awareness of road safety than pre-drivers who had not been injured. A two-cluster solution indicated that it was possible to distinguish a group of pre-drivers who engaged in high risky behaviour (high group) from the group who engaged in moderate and low levels of risky road user behaviour (low group). Conclusions: The implications of these findings for programme designs and training initiatives to improve efficiency in reducing the accident rate are discussed.     

The social amplification of risk on Twitter: the case of ash dieback disease in the United Kingdom

It has long been recognised that the traditional media play a key role in representing risk and are a significant source of information which can shape how people perceive and respond to hazard events. Early work utilising the social amplification of risk framework (SARF) sought to understand the discrepancy between expert and lay perceptions of risk and patterns of risk intensification and attenuation with reference to the media. However, the advent of Web 2.0 challenges traditional models of communication. To date there has been limited consideration of social media within the SARF and its role in mediating processes of risk perception and communication. Against this backdrop, we focus on the social media platform Twitter to consider the social amplification of risk in relation to ash dieback disease (Hymenoscyphus fraxineus); a tree health issue that attracted intense media attention when it was first identified in the UK in 2012. We present an empirical analysis of 25,600 tweets in order to explore what people were saying about ash dieback on Twitter, who was talking about it and how they talked about it. Our discussion outlines the themes around which talk about ash dieback was orientated, the significance of users’ environmental ‘affiliations’ and the role of including links (URLs) to traditional media coverage. We utilise the notion of ‘piggybacking’ to demonstrate how information is customised in line with group/individual identities and interests and introduce the concept of the ‘frame fragment’ to illustrate how information is selected and moved around Twitter emphasising certain features of the messages. The paper affords a detailed consideration of the way in which people and organisations simultaneously appropriate, construct and pass on risk-relevant information. A conclusion is that social media has the potential to transform the media landscape within which the SARF was originally conceived, presenting renewed challenges for risk communication.     

The disclosure of risk in financial statements

The accounting information currently issued by firms is not wholly adequate when used for decision making purposes, and within that process, for forecasting, for which additional information on risks is required. Therefore a reform of the current framework becomes necessary. Within this reform an adequate scheme and typology for the risks facing firms must be established and a set of specific risk quantification models must be designed. This paper focuses on both issues, showing all the risks that can affect firms and proposing a quantification model for each one.     

A statistical review of the risk associated with offshore support vessel/platform encounters in UK waters

Safety performance on the UK Continental Shelf is normally considered to be of a high standard, although there are still many incidents and accidents. This paper discusses some of the initial findings in an offshore support vessel safety research project. Following a brief review study of the uses of various types of existing offshore support vessels, a comprehensive statistical failure data analysis of the vessels is carried out mainly based on a Ship/Platform Incident Database drawn from the Health and Safety Executive (HSE). The variation of incident frequency with time for different types of offshore oil and gas installations, and for different vessel types has been established. A total of 394 records within the period 1980 to 1997 are investigated in this study. The variation of incident frequency with time and seasons, causation factors, incident with respect to geographical distribution, and sea conditions are discussed. The relationship between vessel types, sizes and operations is analysed; operating circumstances, reported primary failure cause, and impart orientation for different vessel types are also described. The statistical analysis reveals that safety culture in terms of good seamanship by vessel masters is probably responsible for mitigating the magnitude of many of the impacts that do occur and also that there is a need for improvement in safety performance. Issues pertaining to human element, the availability and reliability of data, risk criteria, and safety culture in the context of marine and offshore risk assessment are also discussed.     

The Research on Risks and Strategies about Bank Card

作为一种新型的综合性金融支付工具,银行卡为人们的日常生活提供了极大的便利,但另一方面,由于其本身的物理特质、管理缺漏以及用户的防范意识不强等问题,各种银行卡犯罪案件不断发生,严重影响了社会经济生活的有序开展。本文利用大量数据对银行卡风险进行了分类分析,并从技术手段、协调机制、法律制度、社会宣传等方面提出了相应的建议和对策。     

A comparative study of stakeholder risk perception and risk communication in Europe: a bovine spongiform encephalopathy case study

The ‘Transmissible Spongiform Encephalopathy (TSE) Roadmap’ was published by the European Commission on 15 July 2005. The TSE Roadmap proposes the relaxation of bovine spongiform encephalopathy (BSE) measures in the short, medium and long term. According to the Roadmap, any relaxation of BSE measures following the scientific assessment should be initiated by an open discussion with all stakeholders and supported by a strong communication strategy. This paper discusses the risk perception, risk communication and risk management of TSEs in Europe, exemplified by the TSE Roadmap. The main conclusion is that in general, BSE is no longer a ‘hot’ topic for stakeholders, but there are slight differences between countries with respect to specific measures. Another important conclusion is that the TSE Roadmap is a very effective tool for risk communication with stakeholders.     

Ebola and the rhetoric of US newspapers: assessing quality risk communication in public health emergencies

Abstract

The 2014 West African Ebola outbreak was the first to be actively covered by the US media because of cases treated on US soil. Despite little chance of widespread contagion, US media termed Ebola ‘apocalyptic.’ The objective of this study was to understand how information about Ebola provided to the public through US newspapers was presented to assess how risk communication principles were or were not used. We conducted a systematic content analysis using a purposive sample of 75 news articles published in five US newspapers between 1 August and 31 October 2014. The articles were analyzed using the Dudo et al. framework, based on the extended parallel process model, and assessed for self-efficacy information, personal risk conceptualization (risk magnitude and risk comparison information), and content framing. We found that while coverage was mostly factual, it inconsistently presented quality risk-related information, and rarely used contextual information that would help readers accurately assess risk. Few articles also provided usable, actionable directives, a tenet of good crisis communication that enhances self-efficacy and lowers risk perception. Results inform how news coverage can affect public risk perception of a new, ‘exotic’ pathogen, and how in the case of Ebola US newspapers may have contributed to the inflated risk perception observed in the US population, and may support better, more comprehensive media response during likely future outbreaks.