risk

(redirected from Risk aversion)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.

risk

 [risk]
a danger or hazard; the probability of suffering harm.
attributable risk the amount or proportion of incidence of disease or death (or risk of disease or death) in individuals exposed to a specific risk factor that can be attributed to exposure to that factor; the difference in the risk for unexposed versus exposed individuals.
empiric risk the probability that a trait will occur or recur in a family based solely on experience rather than on knowledge of the causative mechanism. See also genetic risk.
genetic risk the probability that a trait will occur or recur in a family, based on knowledge of its genetic pattern of transmission. See also empiric risk.
relative risk for a disease, death, or other outcome, the ratio of the incidence rate among individuals with a given risk factor to the incidence rate among those without it.

risk

(risk), In idiomatic English one is at risk of, not for, a disease, injury, or other untoward event. Avoid redundant phrases such a possible risk and potential risk; an element of uncertainty is inherent in the meaning of the word.
The probability that an event will occur.

risk

(rĭsk)
n.
The possibility of suffering harm or loss; danger.

risk′er n.

risk

EBM
In clinical trials, a term referring to the possibility of harm or discomfort for study participants.

risk

Epidemiology The chance or likelihood that an undesirable event or effect will occur, as a result of use or nonuse, incidence, or influence of a chemical, physical, or biologic agent, especially during a stated period; the probability of developing a given disease over a specified time period. See Minimal risk Managed care The chance or possibility of loss. See Risk sharing Occupational medicine A value determined by the potential severity of the hazard and the frequency of exposure to the 'risky' substance or activity, usually understood to mean the probability of suffering from a particular disease Risk assessment The probability that something will cause injury, combined with the potential severity of that injury. See Absolute risk, Acceptable risk, Assigned risk, Attributable risk, Cancer risk, Cardiac risk, Dread risk, Hazard risk rating, High risk/high impact, Incremental risk, Lifetime risk, No significant risk, Nonattributable risk, Thick conception of risk, Thin conception of risk, Unknown risk.
Risks of disease
Infection
HBV  1:63,000
HCV 1:103,000
HIV 1:493,000
HTLV I/II 1:641,000
HAV  1:1,000,000
Other morbid conditions
MVA 1:6,700
Flood 1:450,000
Earthquake 1:600,000
Lightning 1:1,000,000

risk

(risk)
1. The probability that an event will occur.
2. The possibility of adverse consequences.

risk

reasoned judgement of the likelihood of, and/or effects of, adverse events occurring, in relation to clinical practice or work environment

risk,

n the possible peril related to a particular condition or treatment. The risk may come directly from the condition itself or indirectly from the process or method involved in the treatment application.

risk

(risk)
Probability that an event will occur.

risk

the chance of an unfavorable event occurring.

acceptable risk
risk for which the benefits rank larger than the potential hazards.
at risk
that part of a total population which is subject to the disease being reviewed, e.g. only milking cows are at risk to milk fever, only grazing cows to enzootic nasal granuloma.
risk aversion
reluctance to take risks.
risk factor
an attribute or exposure which increases the probability of occurrence of a disease or other outcome.
risk premium
the amount of money required to convince a person to take a specific risk.
risk ratio
the ratio of two risks.
relative risk
see relative risk.
specified risk materials
a term used in the US to denote tissues that can be infected with the agent of bovine spongiform encephalopathy (BSE), namely brain and spinal cord, spinal ganglia, retina, and terminal small intestine. Banned from inclusion in any feed stuff.
surgical risk
an animal that has poor general health and must be assessed as a poor survival risk to undergo major surgery or anesthesia.
References in periodicals archive ?
The reason the distinction between risk aversion and liquidity protection is so crucial is that they are measuring two very importantly different types of economic phenomena, and it's important for us as forecasters to make the distinction, because the signals that they give are really quite different.
self-insurance will be a more attractive option for any individual, regardless of risk aversion.
They are: constant absolute risk aversion (CARA), decreasing absolute risk aversion (DARA), increasing absolute risk aversion (IARA), constant relative risk aversion(CRRA), decreasing relative risk aversion (DRRA), and increasing relative risk aversion (IRRA).
This approach gives the risk aversion for the representative agent in each risk category, which more closely approximates the approach taken in Chetty's (2006) paper.
However, in men and women with similar levels of testosterone, the gender difference in risk aversion disappeared.
Reduction in risk aversion at moderate and high probabilities may nullify the reverse magnitude effect observed in studies of probability discounting.
There are fears that this legislation will further add to risk aversion in the private sector ( to echo the words of the Prime Minister, `a risk averse scientific community is no scientific community at all', simply replace scientific with business and the statement remains true.
Indeed, investor (particularly institutional) risk aversion has risen in response to the terrorist attacks in Spain and mixed economic news in the United States (read: poor job numbers).
Acute risks to value creation include short-term bias, risk aversion and poor investment of key resources like capital and management time.
In particular, under risk aversion, a mean-preserving increase in the variance of income typically has an effect on well being analogous to a decrease in mean income.
That is, there is as yet no model of a household investment problem with reasonable levels of risk aversion that explains the variation in returns over time, and the difference in returns between stocks and bonds in particular.
In the case of Russia, bureaucrats, who hoped to impose order upon what they perceived to be the chaos of the countryside, did not understand the peasants' risk aversion strategies or the multiple benefits of strip farming, periodic repartitioning of communal lands, and common pasturage.

Full browser ?