Risk Theory

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Focusing on the complexities of risk, the book delves into the multifaceted nature of risk assessment and management. It highlights key factors such as outcome possibilities, overall expectation, and luck, emphasizing that risk cannot be reduced to a single measurable quantity. Instead, it is portrayed as a complex phenomenon requiring contextual judgment for proper assessment. Through analysis and practical examples, the book seeks to clarify how these components interact in real-world scenarios.