RISK (SYSTEMIC) in human issues 4)
← Back
The possible appearence of states in which the individuals rational or irrational reactions to the risk as it is perceived, increases the instability of the system instead of reducing it.
This happens for example in markets and leads to panics and crashes. This phenomenon is related to runaway processes wherein positive feedbacks lead to explosions or collapses.
Categories
- 1) General information
- 2) Methodology or model
- 3) Epistemology, ontology and semantics
- 4) Human sciences
- 5) Discipline oriented
Publisher
Bertalanffy Center for the Study of Systems Science(2020).
To cite this page, please use the following information:
Bertalanffy Center for the Study of Systems Science (2020). Title of the entry. In Charles François (Ed.), International Encyclopedia of Systems and Cybernetics (2). Retrieved from www.systemspedia.org/[full/url]
We thank the following partners for making the open access of this volume possible: