A new paradigm for risk assessment is needed so that policy makers can frame mitigation plans in the face of natural disasters, according to research.

The researchers have therefore developed a framework that combines the usual factors for risk assessment, injuries, deaths and economic and collateral loss with the human perception of the risks associated with natural disasters. The framework includes risk perception by graphing natural hazards against "dread" and "familiarity". These two variables are well known to social psychologists as explaining the greatest variability in an individual's perception of risk, whether considering earthquakes, landslides, wildfires, storms, tornadoes, hurricanes, flooding, avalanche, even volcanic activity. "Understanding how the public perceives the risk for various natural hazards can assist decision makers in developing and communicating policy decisions," the team says.
The higher the perceived risk of a natural disaster, the more people want to see that risk reduced and that means seeing their tax dollars spent on mitigation and preparation. For example, far more money is spent on reducing earthquake risk than on reducing the risk from wildfires, perhaps because the perceived risk is much greater, even though both will cause significant losses of life and property. The team's new framework for risk assessment will act as an aid in decision making for these types of situations as well as perhaps even offering a way to give members of the public a clearer understanding of actual risk rather than perceived risk.
Source-Eurekalert