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Ethics > Risk
The following information is about Risk.
Risk Defined
Risk is colloquially used as a term for a danger that arises unpredictably, such as being struck by a car. Sometimes it is used for the likelihood of a particular danger or hazard, as when someone says, "You can reduce your risk of being hit by a car by crossing at the crosswalk." When used in technical context, such as "risk assessment" or "risk management" the notion of risk is the probability or likelihood of some resulting harm (such as the likelihood of being killed by being struck by a car) multiplied by the magnitude of the harm. One can then compare, say, the average citizen's risk of death from crossing the street with such a person's risk of death from cancer in a given period. One could also compare the risk of harms of different magnitudes. For example, two monetary risks: the rather likely event of losing a quarter in a broken vending machine, and the comparatively unlikely loss of one's wallet due to robbery at gun point. It may turn out that there is a greater risk of monetary loss from out of order vending machines than from robbery at gun point. Notice that use of the technical sense of risk requires that one be able to meaningfully quantify the resulting harms. For many harms this is difficult to do except in an arbitrary way.
This definition is in context to Ethics. See more contextual defintions for Risk.
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Off-site Risk Links, User Submitted
The following links have been collected through user bookmark submission in the Risk category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Sat Jul 4
- The Old Solutions Have Become the New Problems - BusinessWeek: Shoshana Zuboff - "I spent a quarter-centur y as a professor at the Harvard Business School, including 15 years teaching in the MBA program. I have come to believe that much of what my colleagues and I taught has caused real suffering, suppressed wealth creation, destabilized the world economy, and accelerated the demise of the 20th century capitalism in which the U.S. played the leading role" - eroding margins and a focus on cost-cutting, the HBS "taught them how: outsourcing, off-shoring, downsizing, reengineering& quot; - seek collaboration not creative accounting (that creates nothing but distrust)
- high risk merchant: Online High Risk Merchant Accounts: high risk merchant: Online High Risk Merchant Accounts
- Op-Ed Columnist - When Our Brains Short-Circuit - NYTimes.com
- Economic and Political Risk
Fri Jul 3
- sp800-30.pdf (application/p df Object)
- Developing an approach to Risk analysis from IT project failure research
- Risk management will obviously increase the probability of success: Risk management will obviously increase the probability of success and reduce the probability of failure of your Hidden cameras. Now that I have installed cameras in various cabins in my business location, I can rest in peace. i have such a big busines...
- Barbican Consulting: Quick Guides
- When Our Brains Short-Circuit - The New York Times
- freerisk
If you would like to find additional social bookmark based links on the topic of we recommend the Open Tag Directory > Risk. If you would like to find related tags we recommend Tag Patterns > Risk
Off-site Risk Research Links
If you still need additional information on Risk then we suggest the following off-site resources. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
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