certainty risk

What Is Certainty Uncertainty And Risk?

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What Is Certainty Uncertainty And Risk? Risk can be understood as the potential of loss. It is not exactly same as uncertainty, which implies the absence of certainty of the outcome in a particular situation. … Conversely, uncertainty refers to a condition where you are not sure about the future outcomes. What is the difference

What Is Similarity Between Risk And Uncertainty?

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What Is Similarity Between Risk And Uncertainty? Risk is the chance that an investment’s actual outcome will differ from the expected outcome, while uncertainty is the lack of certainty about an event. The main difference between risk and uncertainty is that risk is measurable while uncertainty is not measurable or predictable. How does risk management