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Bermuda's Climate: The expected valueRisks are simply described as a set or function vague of possible payoffs (gains or losses) with their associated probabilities. A paper exploring the foundations of risk. 47 Psychologists have demonstrated that increases in anxiety and increases in risk the expected value perception are related and people who are habituated to anxiety experience this awareness of risk more intensely than normal individuals. Gigerenzer G (2004) Dread risk, 11 September, and fatal traffic accidents. Risk is an uncertain event or condition that, if it occurs, has an effect on at least one project objective. 1, uncertainty is a potential, unpredictable, and uncontrollable outcome; risk is a consequence of action taken in spite of uncertainty.
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