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Risk is when an outcome’s probability is known. Uncertainty is when an outcome’s probability is unknown. | by wildphotons
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Risk is when an outcome’s probability is known. Uncertainty is when an outcome’s probability is unknown.

Risk is when an outcome’s probability is known. Uncertainty is when an outcome’s probability is unknown.

A coyote, Canis Latrans, stalking rodents late in the day at Foothills Park, Palo Alto, CA. He hunted for over an hour and didn’t get dinner before the light left. BA_0512_070

 

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Taken on December 11, 2005