consumer's risk

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consumer's risk [kən′süm·ərz ′risk]

(industrial engineering)

The probability that a lot whose quality equals the poorest quality that a consumer is willing to tolerate in an individual lot will be accepted by a sampling plan.

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Meanwhile, they say, it pushes insurance underwriting ever further from factors that point directly to a consumer's risk of loss.

Doing the right thing: insurers struggle endlessly to balance their ... by Noonan, Brendan / Best's Review

Without doubt, the issuance of a card that does not require a PIN increases the consumer's risk.

Statements to Congress by Federal Reserve Bulletin

However, except in the case where the consumer's risk preferences have the attribute of constant absolute risk aversion, the increase in income also causes a rotation of the demand curve.

Income, risk aversion, and the demand for insurance by Zellner, B. Bruce / Southern Economic Journal

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