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Microelectronic mechanical systems (MEMS) have revolutionized the market for sensors by providing small, fast-responding measurement devices at lowcost. They have been widely accepted in several commonproducts. As an example, todays automobile uses
This report discusses the need for linking risk assessment, risk perception, and risk management in order to develop meaningful strategies for dealing with extreme events, i.e., low probability-high consequence events. We give special attention to economic