Risk

Overview#

Risk is a measure of the extent to which an entity is threatened by a potential by an Unfortunate event, and typically is a function of:

Risk. In everyday usage. is often used synonymously with the Magnitude of the Potential loss. Paradoxically, a probable Magnitude of the Potential loss can be uncertain and relative in an individual event while having a certainty in the aggregate of multiple events.

Types of Risk#

More Information#

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