Skip navigation
Skip navigation

Coping with Nasty Surprises: Improving Risk Management in the Public Sector Using Simplified Bayesian Methods

Matthews, Mark; Kompas, Thomas


Bayesian methods are particularly useful to informing decisions when information is sparse and ambiguous, but decisions involving risks must still be made in a timely manner. Given the utility of these approaches to public policy, this article considers the case for refreshing the general practice of risk management in governance by using a simplified Bayesian approach based on using raw data expressed as �natural frequencies�. This simplified Bayesian approach, which benefits from the...[Show more]

CollectionsANU Research Publications
Date published: 2015
Type: Journal article
Source: Asia & The Pacific Policy Studies
DOI: 10.1002/app5.100
Access Rights: Open Access


File Description SizeFormat Image
01_Matthews_Coping_with_Nasty_Surprises%3A_2015.pdf743.52 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator