Risk vs. Probability

Risknoun

(countable) A possible adverse event or outcome

Risknoun

The probability of a negative outcome to a decision or event.

Risknoun

The magnitude of possible loss consequent to a decision or event.

Risknoun

The potential (conventionally negative) effect of an event, determined by combining the likelihood of the event occurring with the effect should it occur.

Risknoun

An entity insured by an insurer or the specific uncertain events that the insurer underwrites.

Riskverb

(transitive) To incur risk of (something).

Riskverb

(transitive) To incur risk of harming or jeopardizing.

Riskverb

(transitive) To incur risk as a result of (doing something).

Risknoun

Hazard; danger; peril; exposure to loss, injury, or destruction.

Risknoun

Hazard of loss; liabillity to loss in property.

Riskverb

To expose to risk, hazard, or peril; to venture; as, to risk goods on board of a ship; to risk one's person in battle; to risk one's fame by a publication.

Riskverb

To incur the risk or danger of; as, to risk a battle.

Risknoun

a source of danger; a possibility of incurring loss or misfortune;

Risknoun

a venture undertaken without regard to possible loss or injury;

Risknoun

the probability of becoming infected given that exposure to an infectious agent has occurred

Risknoun

the probability of being exposed to an infectious agent

Riskverb

expose to a chance of loss or damage;

Riskverb

take a risk in the hope of a favorable outcome;

Risk

In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences.

Probabilitynoun

The state of being probable; likelihood.

Probabilitynoun

An event that is likely to occur.

Probabilitynoun

The relative likelihood of an event happening.

Probabilitynoun

(mathematics) A number, between 0 and 1, expressing the precise likelihood of an event happening.

Probabilitynoun

The quality or state of being probable; appearance of reality or truth; reasonable ground of presumption; likelihood.

Probabilitynoun

That which is or appears probable; anything that has the appearance of reality or truth.

Probabilitynoun

Likelihood of the occurrence of any event in the doctrine of chances, or the ratio of the number of favorable chances to the whole number of chances, favorable and unfavorable. See 1st Chance, n., 5.

Probabilitynoun

a measure of how likely it is that some event will occur;

Probabilitynoun

the quality of being probable

Probabilitynoun

the quality or state of being probable; the extent to which something is likely to happen or be the case

Probabilitynoun

a probable or the most probable event

Probabilitynoun

the extent to which an event is likely to occur, measured by the ratio of the favourable cases to the whole number of cases possible

Probability

Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty.