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I've been pleased to see so many individual and organizations persisting in DEI despite the misplaced hostility of the Federal executive branch and some state governments. ------------------------------ read more
Dear Bill Mc, Risk is generally defined as "probabilty x consequences", hence the consequences are included in the definition. The aspect of consequences as such however, is indeed not covered when read more
I like "Risks are uncertainties that matter" as a zeroth-order explanation of risk. I agree that it's not a sufficient definition per the points you made. I also think "Risks are uncertainties that read more