Global risks – irrationality, identification and new type of threats

Systematic analysis based on the assumption of rational behaviour of human being in addition to the mathematical models is based on the inherent factors in quantification of global risks. Decisions are made based on all available information, to act in order to maximize the utility. However, the current state of global quantification of risks based on the probability of economic loss scenarios, rationality of action in emergencies excludes and puts to the forefront scenarios likelihood and severity based on information asymmetry. If all risk takers were fully informed, it would avoid the moral hazard and the amount of individual risks would be stable in the global context.