The Oxford English Dictionary (OED) cites the earliest use of the word in English (in the spelling of risque from its French … See more

The understanding of risk, the common methods of management, the measurements of risk and even the definition of risk differ in different practice areas. This section provides links to more detailed arti… See more

Risk is ubiquitous in all areas of life and we all manage these risks, consciously or intuitively, whether we are managing a large organization or simply crossing the road. Intuitive risk management is addressed … See more

There are many different risk metrics that can be used to describe or "measure" risk.
Risk is often considered to be a set of triplets
for i = 1,2,....,N
where: … See more

An understanding that future events are uncertain and a particular concern about harmful ones may arise in anyone living in a community, experiencing seasons, hunting animals or growing crops. Most adults ther… See more

In his seminal 1921 work Risk, Uncertainty, and Profit, Frank Knight established the distinction between risk and uncertainty.
... Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from … See more