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Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
It assigns scores to individuals based on risk factors; a higher score reflects higher risk. The score reflects the level of risk in the presence of some risk factors (e.g. risk of mortality or disease in the presence of symptoms or genetic profile, risk financial loss considering credit and financial history, etc.).
The concept has been extended and applied in dealing with risk from natural hazards and the part that population metrics play in making such a situation into a disaster. In the USA this has been done at a county level. And is run by the Hazards and Vulnerability Research Institute [20] since 2003.
"Natural Disasters News".Ubyrisk. Archived from the original on 2018-11-01 Worldwide news site focused on natural disasters, mitigation and climate changes news "Global Risk Identification Program (GRIP)".
Scores range from 0 to 10, with 10 being the most severe. While many use only the CVSS Base score for determining severity, temporal and environmental scores also exist, to factor in availability of mitigations and how widespread vulnerable systems are within an organization, respectively.
RIFLE - Risk, injury, failure, loss and end-stage kidney classification [2] has 3 severity levels (risk, injury and failure) and 2 possible outcomes (loss and end-stage) CP - Child–Pugh score [2] for patient with liver failure. used also outside of the ICU. Ranson score [2] simple score used specifically for patients with pancreatitis
The risk difference (RD), excess risk, or attributable risk [1] is the difference between the risk of an outcome in the exposed group and the unexposed group. It is computed as I e − I u {\displaystyle I_{e}-I_{u}} , where I e {\displaystyle I_{e}} is the incidence in the exposed group, and I u {\displaystyle I_{u}} is the incidence in the ...
The scale compares the likelihood of the detected potential impact with the average risk posed by objects of the same size or larger over the years until the date of the potential impact. This average risk from random impacts is known as the background risk. The Palermo scale value, , is defined by the equation: