Quantitative and qualitative approaches to risk assessment and analysis: Why do regulators generally rely on quantitative methods?

Essay from the year 2011 in the subject Sociology - Methodology and Methods, , language: English, abstract: The given question argues that there are two approaches to risk assessment and analysis, quantitative and qualitative, and asks why regulators generally rely on quantitative risk assessment and analysis. The essay examines the question by considering first what is meant by the terms risk, ri...