2. Categorizing risks

We end the first article of this series What is risk? with a few questions about how we should react to the risks that we are always facing all the time. Should we keep worrying too much to the level we are paranoid enough for not doing anything? Or, should we just be a complete … Continue reading 2. Categorizing risks

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1. What is risk?

We use the word "risk" in everyday conversations. "I don't want to fly with **** air anymore, it's too risky", "I just pay, the risk is low", "What is the risk of not doing this procedure, Doc?", etc. But, what is risk actually? From above sample expressions, we can see that the word risk is … Continue reading 1. What is risk?