Risk assessment has always been a fascinating topic to me. Heidi Kreibick is a scientist at the German Research Centre for Geosciences GFZ and is leading a group of international scientists in a study looking at how to better assess risk and what it would actually take to educate people more, specifically about the costs of natural hazards, which are now at "historically high levels". One of the major flaws of people's assessments on disaster costs are what are called "indirect damage". Examples of indirect damages would be factories forced to shut down. According to Kreibich, "the cost assessment cycle involved the continuous monitoring of costs associated with the natural risk management, thus enabling the early detection of inefficient risk mitigation strategies". Not only jut everyday people predict risk, but it's more important on the national level where leaders have to make precautionary decisions. In order to do so efficiently, they first must understand the true risk.
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