On The Quantitative Definition of Risk

19813,000 citationsJournal Article

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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 risk”.

Topics & Keywords

Risk Perception and Management Risk and Safety Analysis Global Energy and Sustainability Research

Publication Details

Published in: Risk Analysis

Volume 1, Issue 1, pp. 11-27

DOI: 10.1111/j.1539-6924.1981.tb01350.x

Field-Weighted Citation Impact: 62.96

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On The Quantitative Definition of Risk

Authors

Abstract

Topics & Keywords

Publication Details