This book discusses the risks of information concealment in the context of major natural or industrial disasters – offering detailed descriptions and analyses of some 25 historical cases (Three Mile Island nuclear accident, Bhopal disaster, Challenger Space Shuttle explosion, Chernobyl nuclear disaster, Deepwater Horizon oil spill, Fukushima-Daiichi nuclear disaster, Enron’s bankruptcy, Subprime mortgage crisis, Worldwide Spanish flu and SARS outbreaks, etc.) and applying these insights to selected on-going cases where such information concealment is suspected. Some successful examples of preventive anti-concealment practice are also presented.
In the book, the term ‘concealment’ is used to represent the two distinct behaviors uncovered in the investigations: (i) facts and information about an organization and its functioning being hidden from those that need them – here the concealment can be due to various factors, such as complexity and miscommunication, to name but two – and (ii) the conscious and deliberate action of keeping important information secret or misrepresenting it. This second meaning makes up a surprisingly important part of the evidence presented.
Accordingly, emphasis has been put on this second aspect and the approach is more pragmatic than academic, remaining focused on evidence-based practical and useful factors. It raises awareness and provides valuable lessons for decision- makers, risk specialists and responsible citizens alike. This work is also intended as a fact-based reference work for future academic and scholarly investigations on the roots of the problem, in particular regarding any psychological or sociological modeling of human fallibility.
Tabella dei contenuti
Preface.- Setting the landscape.- Examples of risk information concealment practice.- Causes of risk information concealment.- Major on-going cases with information concealment practice.- Succesful risk information management.
Circa l’autore
Dmitry Chernov is a researcher in the Chair of Entrepreneurial Risks at ETH Zurich. He has more than 15 years of experience as a corporate communication consultant in the former Soviet Union Republics, focusing on improving investor and government relations, as well as crisis communication within the following industries: oil and gas, chemical, electric power, metals and mining, telecommunication, transport, etc. He specializes on researching solutions for efficient risk information transmission that enables timely decision-making before and during industrial disasters.
Didier Sornette is Professor on the Chair of Entrepreneurial Risks at the ETH Zurich, Director of the Financial Crisis Observatory, Co-founder of the ETH Risk Center and member of the Swiss Finance Institute. He has received many prizes and honors, among them the 2000 Research Mc Donnell award and the Risques-Les Echos prize 2002. He is a Fellow of the World Innovation Foundation (2004) and, since 2013, of the American Association for the Advancement of Science. Prof. Sornette has edited and authored a number books, many of them published by Springer and is a member of the Editorial and Advisory Board of the Springer Complexity publishing program.
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