Counterfactual Thinking for Risk Analysis

Project brief

Downward Counterfactual Thinking

Downward counterfactual thinking means reimagining a past event so that it somehow ends worse than it did in reality. This kind of thinking is difficult for people to engage in, but can be useful for planning and preparedness, especially for surprising, low-probability, high-consequence black swan events. We are formalizing a framework to integrate downward counterfactual thinking in risk analysis. This is one step towards extreme resilience to extreme events.

Featured in 

The Straits Times
Counterfactual Black Swans Workshop: August 26-27, 2019

A new community of practice

On August 26-27, we hosted the Counterfactual Black Swans Workshop at NTU in Singapore, where we were joined by over two dozen researchers across three continents, spanning multiple fields of study. Through this, we established a new community of practice  centered on counterfactual thinking in risk analysis. We look forward to providing updates on the many exciting projects moving forward from this! Read more about the event through the workshop report, post in our blog, and other media spotlights.

Read more from us

Workshop ReportDASL Blog Post

Read more from the community

Risk Insight NewsletterEOS BlogASE Blog

Acknowledgements

Our main collaborators are from the Earth Observatory of Singapore and the Institute of Catastrophe Risk Management at Nanyang Technological University. This project is supported by the National Research Foundation of Singapore as part of the Systemic Risk and Resilience Initiative.