Risk

A Risk is a potential event of gaining or losing something of value.

Context:
- It can be modeled with Risk Modeling.
Example(s):
- Credit Risk.
- Market Risk.
See: Risk Perception, Physical Health, Social Status, Uncertainty, Hazard, Empirical Risk, Expected Risk, Risk Ratio, Loss Function, Random Experiment.

References

(Wikipedia, 2016) ⇒ http://wikipedia.org/wiki/risk Retrieved:2016-4-29.
- Risk is the potential of gaining or losing something of value. Values (such as physical health, social status, emotional well-being or financial wealth) can be gained or lost when taking risk resulting from a given action or inaction, foreseen or unforeseen. Risk can also be defined as the intentional interaction with uncertainty. Uncertainty is a potential, unpredictable, and uncontrollable outcome; risk is a consequence of action taken in spite of uncertainty. Risk perception is the subjective judgment people make about the severity and probability of a risk, and may vary person to person. Any human endeavor carries some risk, but some are much riskier than others.

WordNet
- hazard: a source of danger; a possibility of incurring loss or misfortune; "drinking alcohol is a health hazard"
- expose to a chance of loss or damage; "We risked losing a lot of money in this venture"; "Why risk your life?"; "She laid her job on the line when she told the boss that he was wrong"
- the probability of becoming infected given that exposure to an infectious agent has occurred
- gamble: take a risk in the hope of a favorable outcome; "When you buy these stocks you are gambling"

US National Institute of Health. "IUPAC Glossary of Terms Used in Toxicology."
- risk
  - 1. Probability of adverse effects caused under specified circumstances by an agent in an organism, a population or an ecological system.
  - 2. Probability of a hazard causing an adverse effect.
  - 3. Expected frequency of occurrence of a harmful event arising from such an exposure. After [2]