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Firefighters are exposed to risks of fire and building collapse during their work.. In simple terms, risk is the possibility of something bad happening. [1] Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. [2]
Relative risk is commonly used to present the results of randomized controlled trials. [5] This can be problematic if the relative risk is presented without the absolute measures, such as absolute risk, or risk difference. [6]
Zero-risk bias is based on the way people feel better if a risk is eliminated instead of being merely mitigated. [2] Scientists identified a zero-risk bias in responses to a questionnaire about a hypothetical cleanup scenario involving two hazardous sites X and Y, with X causing 8 cases of cancer annually and Y causing 4 cases annually.
Factors of risk perceptions. Risk perception is the subjective judgement that people make about the characteristics and severity of a risk. [1] [2] [3] Risk perceptions often differ from statistical assessments of risk since they are affected by a wide range of affective (emotions, feelings, moods, etc.), cognitive (gravity of events, media coverage, risk-mitigating measures, etc.), contextual ...
In economics, a moral hazard is a situation where an economic actor has an incentive to increase its exposure to risk because it does not bear the full costs associated with that risk, should things go wrong.
Financial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default. [1] [2] Often it is understood to include only downside risk, meaning the potential for financial loss and uncertainty about its extent.
The risk premium is used extensively in finance in areas such as asset pricing, portfolio allocation and risk management. [2] Two fundamental aspects of finance, being equity and debt instruments, require the use and interpretation of associated risk premiums with the inputs for each explained below:
Rita A. Crundwell (née Humphrey; born January 10, 1953) is the former comptroller and treasurer of Dixon, Illinois, from 1983 to 2012.She was fired in April 2012 after the discovery that she had embezzled $53.7 million from the city of Dixon for over 22 years to support her championship American Quarter Horse breeding operation, as well as a lavish lifestyle away from work.