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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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A few gems to read in books of earlier era

Published November 21, 2008, 11:26 pm, Worcester Telegram & Gazette

If, like me, you've sometimes felt overwhelmed by the sheer volume of reading material available to your bedimmed vision, it might help to think over just how much of it is actually worth plowing through.

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"˜Predator"™ faces 20 to 40 years

Published November 21, 2008, 8:31 pm, The Tribune-Democrat

EBENSBURG — A Johnstown man was sentenced Friday to 20 to 40 years in state prison for repeatedly sexually abusing a boy and trying to molest a girl. John Conaghen, 46, of the 300 block of Daniel Street, was determined by Judge David Tulowitzki to be a sexually violent predator likely to re-offend.

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Judge admonishes, jails sexual groomer

Published November 20, 2008, 2:58 pm, NZPA via Yahoo!Xtra News

"You don't get it," Judge Michael Crosbie told former Child, Youth and Family (CYF) worker Ralph Lindsay Brunie today as he jailed him for seven years for sexually grooming a 15-year-old girl in the department's care.

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FOXSexpert: How Many People Have You Slept With?

Published November 20, 2008, 2:03 pm, Fox News

Should you share your number? When it comes to professing your sexual history, some things are better left unsaid

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A criminally classic caper

Published November 20, 2008, 1:18 pm, The Japan Times

"The Bank Job" is one of those movies that somehow winds up being far, far better than it has any right to be. First off, it's a British gangster flick, a genre that suffered severe overkill after the success of Guy Ritchie's "Lock, Stock, and Two Smoking Barrels" in 1998, and has been in steady decline ever since. (Latest example being Guy Ritchie himself with the misguided "Revolver.") Second, ...

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Sex offender facesassault charges?

Published November 20, 2008, 12:29 am, New Haven Register

MADISON — A registered sex offender was arrested Wednesday on charges of sexual assault, unlawful restraint and risk of injury to a minor or impairing the morals of a minor.

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Hamilton: Net p-rn goes way beyond naughty

Published November 19, 2008, 6:25 pm, Crikey

Net libertarians greet any suggested degradation with howls of protest because they refuse to acknowledge the extent of the social problem the Government is trying to address, writes Clive Hamilton .

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Kids learn about steroid dangers

Published November 19, 2008, 10:53 am, The Arizona Republic

Don Hooton and former MLB player Kevin Young talked with Scottsdale high school students about the dangers of steroid abuse.

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Guns and Obama's impact: The T-U would like to hear from you

Published November 19, 2008, 10:17 am, The Florida Times-Union

Among gun enthusiasts there is a growing concern that the election of Barack Obama as president means new regulations on gun ownership. Associated Press figures from the FBI show that nationwide people are buying guns in increasing numbers, perhaps in anticipation of changes in gun laws. For an upcoming ...

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Local pastor steps up to 'Hour of Power'

Published November 19, 2008, 8:59 am, The Arizona Republic

Dr. Walt Kallestad makes a living talking to people. Lots of people. The senior pastor at Arrowhead's Community Church of Joy takes his weekly message to a global stage.

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Are you looking for additional Ethics > Risk news? Try our new "Risk News Focus" area.

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 Nov 22

Fri Nov 21

  • Risk Management, Sickness amp: Medigold employs highly qualified Occupational Health Physicians up to Senior Consultant level
  • FT.com / Lex / Financial services & property - Citi options: The simple problem is that Citi, like most banks, remains leveraged to the hilt. Worse, the market?s renewed focus on banks? assets versus their tangible common equity renders the government?s injections of preferred stock redundant. This is perhaps unfair ? preference shares do help to pay the bills. Citi maintains it can, with sound fundamentals, tough out the market?s frenzy, opting for inaction over a kneejerk move. The authorities? assuming effective control through purchases of common stock is unlikely. An engineered carve-up is less so. Either way, the government is again singled out as the only party in a position to assuage fears. If action is required, it will be theirs.

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

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