Coping with nasty surprises: Improving risk management in the public sector using simplified Bayesian methods

• Published in: Asia & the Pacific policy studies Vol. 2; no. 3; pp. 452 - 466
• Main Authors: Mark Matthews, Tom Kompas
• Format: Journal Article
• Published: 01.09.2015
• Subjects: Environmental law; Political planning; Public administration; Risk management; AUSTRALIA

Bayesian methods are particularly useful to informing decisions when information is sparse and ambiguous, but decisions involving risks must still be made in a timely manner. Given the utility of these approaches to public policy, this article considers the case for refreshing the general practice o...