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Black swans to grey swans: revealing the uncertainty

Black swans to grey swans: revealing the uncertainty Purpose – The emergence of “black swans” represents (according to Taleb) “(…) our misunderstanding of the likelihood of surprises”. The purpose of this paper is to study accidents and disasters and the inherent misunderstanding and absence of awareness associated with the existence of black swans and their complex aetiology. Red teaming and scenario planning provide a methodology to explore the uncertainties and challenge of the mental models associated with accident and disaster aetiology. Design/methodology/approach – The argument draws upon the successful application of red teaming and scenario planning in various domains noted in the literature and lessons learned from the failure to recognize black swans. An analysis of the literature illustrates how the salient characteristics of red teaming and scenario planning can be applied to the illumination of black swans to support risk, crisis and disaster management. Findings – Recognizing the uncertainty resident within the safety and security problem space opens up the notion that more than one future is potentially open. It is argued that the inherent properties of red teaming, within the context of scenario planning, facilitates an effective approach to bring risk, crisis and disaster planners/managers together to discuss their concerns and explore the factors creating uncertainty and the emergence of black swans. Originality/value – The value of red teaming (scenario planning) to challenge linear thinking and recognize the inherent uncertainty in the space of possibilities is well supported. Applied to the risk, crisis and disaster management domain, red teaming and scenario planning can provide insights into the emergence of black swans and thereby shape mitigation strategies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Disaster Prevention and Management Emerald Publishing

Black swans to grey swans: revealing the uncertainty

Disaster Prevention and Management , Volume 21 (3): 16 – Jun 22, 2012

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References (74)

Publisher
Emerald Publishing
Copyright
Copyright © 2012 Emerald Group Publishing Limited. All rights reserved.
ISSN
0965-3562
DOI
10.1108/09653561211234507
Publisher site
See Article on Publisher Site

Abstract

Purpose – The emergence of “black swans” represents (according to Taleb) “(…) our misunderstanding of the likelihood of surprises”. The purpose of this paper is to study accidents and disasters and the inherent misunderstanding and absence of awareness associated with the existence of black swans and their complex aetiology. Red teaming and scenario planning provide a methodology to explore the uncertainties and challenge of the mental models associated with accident and disaster aetiology. Design/methodology/approach – The argument draws upon the successful application of red teaming and scenario planning in various domains noted in the literature and lessons learned from the failure to recognize black swans. An analysis of the literature illustrates how the salient characteristics of red teaming and scenario planning can be applied to the illumination of black swans to support risk, crisis and disaster management. Findings – Recognizing the uncertainty resident within the safety and security problem space opens up the notion that more than one future is potentially open. It is argued that the inherent properties of red teaming, within the context of scenario planning, facilitates an effective approach to bring risk, crisis and disaster planners/managers together to discuss their concerns and explore the factors creating uncertainty and the emergence of black swans. Originality/value – The value of red teaming (scenario planning) to challenge linear thinking and recognize the inherent uncertainty in the space of possibilities is well supported. Applied to the risk, crisis and disaster management domain, red teaming and scenario planning can provide insights into the emergence of black swans and thereby shape mitigation strategies.

Journal

Disaster Prevention and ManagementEmerald Publishing

Published: Jun 22, 2012

Keywords: Disaster management; Uncertainty management; Systems thinking; Black swan; Grey swan; Red teaming; Scenario planning; Accidents

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