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Risk. What is the risk involved, if you fall out of an airplane without a parachute? A: ‘Big risk – almost certain of dying’ B: ‘No risk – almost certain of dying’ An experienced risk analyst draw the conclusion: A is an engineer B is an economist A is right: risk is about loss
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Risk • What is the risk involved, if you fall out of an airplane without a parachute? • A: ‘Big risk – almost certain of dying’ • B: ‘No risk – almost certain of dying’ • An experienced risk analyst draw the conclusion: • A is an engineer • B is an economist • A is right: risk is about loss • B is right: risk is about uncertainty