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topics:risk [2026/03/25 02:17] – admintopics:risk [2026/04/13 09:50] (current) – o.sachs
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-This topic is part of the ISGAN Wiki and is currently being developed. You can contribute directly by clicking the edit button, or use the [[about:newtopic|Topic Builder]] for guided input. A confirmed wiki account is required. Register and allow up to three days for admin confirmation. Before contributing, read the [[about:guidelines|ISGAN Wiki Editorial Guidelines]].+Risk is defined as the potential for adverse, negative, or undesired events to occur, where the likelihood (probability) and impact (severity) can be assessed or anticipated. 
 +This topic is part of the ISGAN Wiki and is currently being developed. You can contribute directly by clicking the edit button, or use the [[about:newtopic|Topic Builder]] for guided input. A confirmed wiki account is required. Register and allow up to three days for admin confirmation. Before contributing, read the [[about:guidelines|ISGAN Wiki Editorial Guidelines]]. Any definitions or other content provided here are preliminary drafts for further elaboration.
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 ===== Why this matters ===== ===== Why this matters =====
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 ===== Related topics ===== ===== Related topics =====
  
-[[topics:resilience|Resilience]] · [[topics:uncertainty|Uncertainty]] · [[topics:scenarios|Scenarios]]+[[topics:uncertainty|Uncertainty]] · [[topics:resilience|Resilience]] · [[topics:scenarios|Scenarios]] · [[topics:governance|Governance]]
  
 ===== Topic notes ===== ===== Topic notes =====
  
 **Editorial notes** — when drafting, consider: **Editorial notes** — when drafting, consider:
-  * Distinction between risk and uncertainty (known probability distributions vs. unknown)+  * The companion topic [[topics:uncertainty|Uncertainty]] covers the Knight distinction between risk and uncertainty in depth — Risk should focus on calculable probability, insurance, hedging, and risk distribution across actors
   * Risk as systemic property vs. risk as perceived by individual actors   * Risk as systemic property vs. risk as perceived by individual actors
   * Cross-reference with [[topics:resilience|Resilience]] (risk management vs. resilience building) and [[topics:scenarios|Scenarios]] (risk quantification in planning)   * Cross-reference with [[topics:resilience|Resilience]] (risk management vs. resilience building) and [[topics:scenarios|Scenarios]] (risk quantification in planning)
  
 +~~DISCUSSION~~