(RIEAS Academic Advisor)
Copyright: Research Institute for European and American Studies (www.rieas.gr) Publication date: 20 October 2019
Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS
What is the One Percent Factor in preparing to respond to threats and crises?
Planners attempt to create models that cover all bases. However, no model is ever 100 percent complete in its assumptions and proposed remedial actions—unpredictability is the bane of all planners irrespective of the subject at hand.
The One Percent Factor is a moniker to describe this unpredictable “dark part,” present in all estimates and plans, which policy makers assume is the most unlikely possibility they might have to face—and thus it could be assumed to rest on the very far improbable part of all possibilities. ...Read more