On The Quantitative Definition of Risk

Volume: 1, Issue: 1, Pages: 11 - 27
Published: Mar 1, 1981
Abstract
A quantitative definition of risk is suggested in terms of the idea of a “set of triplets”. The definition is extended to include uncertainty and completeness, and the use of Bayes' theorem is described in this connection. The definition is used to discuss the notions of “relative risk”, “relativity of risk”, and “acceptability of...
Paper Details
Title
On The Quantitative Definition of Risk
Published Date
Mar 1, 1981
Volume
1
Issue
1
Pages
11 - 27
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