risk
Let an agent handle risk by type, assessment method, communication and management, presenting probabilities clearly, without personal financial or medical advice.
Research draft, second pass
A second pass drafted this model: the structure a model of this thing needs, and what is known about it in the world. The line under this one says how the second half was obtained - researched against sources, or recalled without web access, in which case nothing here was read anywhere and every claim is a lead to verify. Unreviewed either way.
written by Claude from model knowledge without web access - no source was read, every claim is a lead to verify
Researched by: Claude
Purpose and description
Let an agent handle risk by type, assessment method, communication and management, presenting probabilities clearly, without personal financial or medical advice.
The possibility of loss, harm or other undesirable outcomes, often expressed as the combination of likelihood and consequence, managed across fields such as health, finance, safety, technology and the environment.
What it is for: Making decisions under uncertainty and preventing harm.
It can be identify and assess risks; communicate risk clearly; choose risk controls; find sector-specific risk guidance.
Distinguishing features
Possibility of harm
Likelihood and consequence
Managed systematically
Perceived differently by people
What it looks like
Not physical; risk registers, matrices and assessments.
How it is recognised
Likelihood and impact matrices
Risk registers
Uncertainty without known probabilities is different
Related models
is a kind of - category
is measured with - measure
is managed by - practice
is related to - outcome
In practice
Families and kinds
health and safety risk
financial risk
operational and technology risk
environmental and climate risk
long-term and catastrophic risks
Standards and regulation
ISO 31000 risk management
Health and safety risk assessment law
Financial risk regulation
Failure modes and hazards
Relative risk presented without absolute risk
Ignoring low-probability high-impact events
Agents giving personal advice
Also called
+71
Where this came from
wikidata · CC0 1.0
Also registered as vr.tr.risk-2
Drafted structure
Bundle to layer to finding to question, as the second pass will find it: 4 bundles · 8 layers · 8 findings · 16 questions.
Assessment How big is the risk.
Assessment structures thinking.
Identify
Hazards.
Identify
Risk identification.
- What could go wrong, and who could be harmed? definition
- Which sources identify these hazards? provenance
Estimate
Likelihood and impact.
Estimate
Risk estimation.
- How likely is it and how severe would it be? measurement
- How uncertain are the estimates? boundary
Communication Clarity.
Clear communication matters.
Absolute
Absolute versus relative.
Absolute
Absolute and relative risk.
- Is the absolute risk given alongside the relative risk? boundary
- Would natural frequencies be clearer? action
Perception
Risk perception.
Perception
Risk perception.
- How might people perceive this risk differently from the data? provenance
- How can concerns be addressed respectfully? action
Management Controls.
Controls reduce risk.
Controls
Hierarchy of controls.
Controls
Risk controls.
- Which controls would reduce this risk, starting with elimination? action
- Who owns each control? provenance
Review
Monitoring.
Review
Review.
- How often should the risk be reviewed? measurement
- Which standard guides the process? provenance
Limits Personal decisions.
Some decisions need professionals.
Personal
Health and money.
Personal
Personal risk decisions.
- Is the user asking about a personal medical or investment risk? boundary
- How should they be referred to a professional? action
Danger
Immediate hazards.
Danger
Immediate danger.
- Is there an immediate danger to someone? boundary
- Which emergency number applies? provenance
What the second pass must settle
- Should risk types be separate entries?
- How should risk matrices be standardised?
- How should risk communication guidance be linked?