Risk: Difference between revisions

49 bytes added ,  12 October 2020
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*'''It is is avoided''': A {{risk|risk}} that passes untriggered, has no value. It is like an [[option]] you wrote that expired [[out of the money]].  
*'''It is is avoided''': A {{risk|risk}} that passes untriggered, has no value. It is like an [[option]] you wrote that expired [[out of the money]].  
*'''If it happens''': If the risk comes about but the {{risk|firm}} has successfully protected itself against it, again it has no value. The firm’s resulting profit and loss is flat. If the the firm has ''not'' defended against it, then notionally, someone is responsible. But see diffusion tactics – here the primacy of the {{risk|individual}}’s survival instinct over the {{risk|firm}} kicks in.
*'''If it happens''': If the risk comes about but the {{risk|firm}} has successfully protected itself against it, again it has no value. The firm’s resulting profit and loss is flat. If the the firm has ''not'' defended against it, then notionally, someone is responsible. But see diffusion tactics – here the primacy of the {{risk|individual}}’s survival instinct over the {{risk|firm}} kicks in.
 
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*[[Rumsfeld’s taxonomy]] of [[unknowns]]
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