skadebased
Skadebased is a term used in Danish-language discussions to describe an approach, model, or policy framework that prioritizes damage outcomes as the central metric. The concept centers on estimating and reducing the potential harms and costs that could result from events, rather than focusing solely on the probability or occurrence of those events.
Etymology and usage notes include that the word combines the Danish skade for "damage" with a base
Fields of use commonly cited for skadebased thinking include insurance pricing, risk management, urban planning, and
Limitations and considerations include the challenge of valuing non-monetary harms, uncertainties in damage estimates, and the