Hi:

As the Foreword of this book was being written, the front pages of the newspapers were filled with stories of the tragedies arising from the cyclone that struck Myanmar and the earthquakes that had ravaged China. Many tens of thousands of lives have been lost and the impacts on those who survived have been devastating. In light of the many destroyed homes, schools, factories and hospitals, the consequences will persist for years. These events raise the obvious question of whether we can do a better job in preparing for rare and catastrophic events. This book demonstrates that we can.

This book explores the application of QRA techniques more broadly. The key lesson, as demonstrated by the examples that are developed in the book, is that the systematic, integrated, and transparent examination of rare events can provide extraordinarily helpful insights that should inform policy. This is not to deny that there are inevitable limitations arising from uncertainty. But the book demonstrates that the systematic assembly of relevant information can help policy makers to make informed decisions about the allocation of resources and can help the general public to have realistic understanding of such events.

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