Risk

file

Visible to the public Wigmore: A Constrain-Based Language for Reasoning About Evidence and Uncertainty

ABSTRACT
Historically, probability theory has proven to be very useful in dealing with uncertainty, especially when it can be quantified by statistical means. This is why the literature on the subject often distinguishes between risk, which applies to situations where uncertainty can be captured by a probability, and ambiguity, when there exists uncertainty without meaningful probabilities.