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In the world of economics and finance, the term risk refers to the possibility of losing something of value. Value in the sense of risk can be anything which has a measure of worth, be it monetary, time, or opportunity costs. Risk varies with uncertainty. Typically, as risk increases, so too does reward. Risk has many different areas of study that further the understanding of risk, to include risk perception, risk analysis, risk management, and decision making. The impact of risk and reward, as... więcej
Salem Press Encyclopedia, 2022. 2p.
