There have been many attempts to define ‘risk’. Probably, to most of us,
‘risk’ contains a suggestion of loss or danger. We may therefore define it as
‘uncertainty concerning a potential loss’, a situation in which we are not sure
whether there will be loss of a certain kind,
or how much will be lost. It is this
uncertainty and the undesirable
element found with risk that underlie the wish and more...
There have been many attempts to define ‘risk’. Probably, to most of us,
whether there will be loss of a certain kind,
or how much will be lost. It is this
uncertainty and the undesirable
element found with risk that underlie the wish and more...
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