Can you tell me where I might find the answer to this question.
In assessing risk to benefit, on what bases do you make the ultimate determination of how much risk is acceptable and how much benefit is necessary
basis?
it is called personal values. Your value of the consenquences of the risk, and your value on the possible risks.
Personal value is just that, personal. Your momma instilled many of them in your, but your life experiences played a significant part later.
This question reminds me of a man I met years ago. He was a young Polish Jew during World War II. Taking great risks with his life, he escaped the Nazis. He explained that he was young, foolhardy, plus his family was dead. He believed he had nothing to lose by his courage and risk-taking.
To find the answer to this question, you can start by conducting research on the topic of risk assessment and benefit analysis. Here are the steps to guide you:
1. Begin by searching for reputable sources such as research papers, academic journals, and authoritative government reports. These can be found through online databases like Google Scholar, JSTOR, or PubMed.
2. Use specific keywords related to risk assessment, benefit analysis, and determining acceptable risk and necessary benefits. For example, you can search for terms like "risk assessment methods," "benefit analysis frameworks," or "evaluating acceptable risk."
3. Look for sources that discuss the principles and factors involved in striking a balance between risk and benefit. Look for information on how experts assess and weigh risks against benefits in various fields such as finance, medicine, engineering, or environmental regulation.
4. Pay attention to any guidelines, regulations, or best practices that are commonly referred to when evaluating risk and benefit. Examples might include risk management frameworks like ISO 31000 or medical research guidelines such as the Helsinki Declaration for human subjects.
5. Consider consulting books, textbooks, or specialized publications on risk assessment and benefit analysis. These resources often provide comprehensive explanations and guidance on making determinations about acceptable risk and necessary benefit.
6. As you gather information, critically evaluate the reliability and relevance of the sources you find. Look for consensus among experts and try to identify any controversies or alternative viewpoints.
By following these steps and conducting thorough research, you should be able to find the information necessary to understand how the determination of acceptable risk and necessary benefit is made in the context of risk assessment.