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Why is risk so poorly defined?

Why is risk so poorly defined?

by Ad Min -
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Anybody entering into risk management (irrespective in which field and context) is confronted with the vague and sometimes conflicting or even conceptually flawed definitions of risk. A new blog post discusses some of the underlying reasons for this state of affairs, which mistakes to avoid and what to emphasize


A word cloud with various concepts used in the definiition of risk