risk(redirected from empiric risk)
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a. Social welfare vulnerable to personal damage, to the extent that a welfare agency might take protective responsibility
A measure of the probability of an adverse effect on a population under a well-defined exposure scenario.
The potential realization of undesirable consequences from hazards arising from a possible event.
risk(1) See RISC.
(2) The expectation of loss. Risk is a function of the probability and consequences of harm. See risk assessment.