Risk Unplugged is an eBook written by Peter Ribbe that explains the exact meaning of Risk and the types of people it affects. Risk is the expected value of an undesirable outcome. Risk is generally a perception, but if control fails on a situation, risk can have its outcomes.Read more ...
Risk is an intentional interaction with uncertainty. It is the subjective perception that people make about the risk probability and it may differ from person to person. There are many areas in life where risk is taken without getting hurt or any financial risk etc. An Individual can measure risks in life, by taking risks we learn. Every risk and every control has an ability to suffer from an unforeseen consequence.
There are formal methods to measure risk. Often the probability of a negative event is estimated by using the frequency of past similar events. There are two types of risks as in controlled risk and uncontrolled risk. Every risk has areas that few people even contemplate when establishing controls for risks, with their own consequences.
This eBook helps you to know about risk as a factor in detail and also explains to you about its effects and the ways to deal with it.