vault backup: 2025-12-13 17:58:54
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@@ -11,6 +11,24 @@ title: Risk
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---
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# Risk
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%%
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## TALK
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This note is for the concept of risk
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as understood by laymen and mathematicians.
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## TODO
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1. Relocate profession specific content to [[risk-management]].
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2. If [[#In Cost Estimation]]'s content needs to remain,
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and it isn't suited for [[actuarial-science-for-construction-estimating]],
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another cross-topic [[risk-management-for-construction-estimation]] will be necessary.
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I suspect that with some edits it will be most appropriate for [[actuarial-science]].
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%%
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Risk, in common parlance, is the chance that something "bad" will happen.
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As such, it is generally understood as a binary, win/loss relationship.
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