Thursday, May 15, 2014

The rise of risk

I created the graph above (which you can also get here) using Google and its seemingly endless capabilities.

Risk is a specific type of uncertainty.  Generally, risk is the possibility of something that represents a threat.  For the purposes of insurance, risk is a measurable uncertainty.

The graph suggests that society has long thought and written about risk and uncertainty.  Seems reasonable as these two concepts were central to early statistical and probability theory.  While we have remained consistently uncertain we have grown remarkably concerned about risk since about 1970.

So, if we are equally as uncertain today as yesterday how could we be more risky?

I'll leave this open ended for now, but I have my theories =)

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