risk
Sign in to savethumb|upright=1.35|Firefighters are exposed to risks of [[fire and building collapse during their work.]]
AI overview
Risk is the possibility that something harmful or unwanted could happen in a given situation, like how firefighters face dangers from fire and collapsing buildings while doing their jobs. Understanding risk matters because it helps people recognize potential dangers in their activities so they can prepare for them or take steps to protect themselves.
AI-generated from the Wikipedia summary — may contain errors.
Article
33 sectionsContents
- Definition
- Versus uncertainty
- By field
- Mathematical
- Triplets
- Probability distributions
- Expected values
- Outcome frequencies
- Financial risk
- Portfolio theory
- Risk-neutral measure
- Mandelbrot's mild and wild theory
- Estimation
- Management
- Assessment
- Attitude, appetite and tolerance
- Mitigation
- Psychology of risk
- Risk perception
- Decision theory
- Risk taking
- Sex differences
- Philosophy of risk
- Society and culture
- Risk and autonomy
- Risk society
- See also
- References
- Bibliography
- Referred literature
- Books
- Articles and papers
- External links
thumb|upright=1.35|Firefighters are exposed to risks of [[fire and building collapse during their work.]]
Risk is the possibility of something bad happening, comprising a level of uncertainty about the effects and implications of an activity, particularly negative and undesirable consequences.thumb|Harbor sign warning visitors that use of the walkway is "at your own risk"