Risk is defined as:. a. the tendency of people to evaluate the hazardousness of a situation or decision based on biases.
b. the estimated likelihood that a decision or action will have a negative consequence.
c. the degree to which probabilities cannot be assessed.
d. a product, process, or condition that potentially threatens people and their reproduction.

The estimated likelihood that a decision or action will have a negative consequence

Explanation:

Risk is simply defined as a state of being Uncertain or not having the assurance as partains to loss. It is used in situations where probabilities of possible outcomes are known. Its estimate is not easy to go by.

Being Uncertain as partains to risk is having doubt about our ability to predict future outcomes. It usually is different across individuals even if risk is the same. Certain character may alter the Information and can limit it and it may be a good thing.

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