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Jacob Davis, P.E., M.ASCE


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Posted By Jacob Davis 03-25-2026 11:54 AM
Found In Egroup: Risk Management
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Wiliam - what problem are you trying to solve? If it's just terminology, then I agree with Mitchell. The last thing the risk community needs is another definition of risk. To quote my former professor, Dr. Yoe, "The language of risk is messy." I agree with the ISO 31000 definition of risk as the effect ...
Posted By Jacob Davis 01-29-2026 09:37 AM
Found In Egroup: Risk Management
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This is great discussion that I'd like to add on to. First, let's not confuse risk and uncertainty, though they are certainly related. It is more correct to say "aleatory uncertainty" and "epistemic uncertainty". Rolling a die is not a risk unless you put money on the uncertain outcome of 1/6. ...