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   Definitions and Theory
Contact Mary Bryant, RiskWorld staff, e-mail bryant@tec-com.com.

Design for Competitive Advantage: Definition of Risk

This definition of risk from the perspective of competitive advantage is part of the "Design for Competitive Advantage, Second Edition" website, which discusses designing systems technologies that provide a competitive advantage in the world marketplace. Edwin B Dean developed NASA's Design for Competitive Advantage website, which was the first edition. (Posted November 1995; updated January 2003.)
http://www.dfca.org/sys/rsk.html
 

Hazard and Risk (including perception of),
from Teaching Resources in Occupational and Environmental Health and Medicine

by Raymond Agius, senior lecturer in occupational and environmental health, Department of Community Health Sciences, Medical School of the University of Edinburgh. Aguis defines hazard and risk from the point of view of epidemiologists or professionals in the field of occupational and environmental health. (Posted October 1999.)
http://www.med.ed.ac.uk/HEW/work/hazard.html
 

How numbers are tricking you

by Arnold Barnett. The statistics that fill the media are often subtly misleading. Here's a guide to the most common types of error. Illustrations by Tamar Haber-Schaim. (Posted November 1995.)
http://www.techreview.com/articles/oct94/barnett.html
 

Investment Risk, Knowing Your Limits

by Tom Myers, Deloitte & Touche LLP senior tax manager. The author defines briefly the most common types of risk that investors face in this article updated July 29, 1996, for Personal Finance Advisor, a section of the Deloitte & Touche web site. (Posted October 1999.)
http://www.dtonline.com/pfa/risk.htm
 

Quantitative Measures of Mutual Fund Risk: An Overview

by Ronald N. Kahn, Director of Research, BARRA. Dated July 7, 1995, and published in 1997 as a chapter in BARRA Research Insights Mutual Fund Risk, this paper reviews how institutional investors have analyzed risk and discusses the advantages and disadvantages of three particular approaches to mutual fund risk for individual investors. The paper also includes a brief historical perspective, reviews the many definitions of risk, and discusses several issues of general concern for risk analysis. (Posted October 1999.)
http://www.barra.com/ResearchResources/BarraPub/qmfr-n.asp
 

Risk and Return,
from Financial Advice for my Son (and JPL/CIT Employees)

by Thomas J. Chester, astrophysicist, who researched the subject of investing in 1989 and wrote all that he learned to give to his son (with additional specific information for Jet Propulsion Laboratory and California Institute of Technology employees). Although some specifics in the document are dated, he says the general advice, in which he defines risk and return, is still correct because the principles haven't changed for decades. (Posted October 1999.)
http://sd.znet.com/~schester/financial_advice/risk.html
 

Risk Theory Society (RTS)

The Risk Theory Society is a self-administered organization within the American Risk and Insurance Association (ARIA) that fosters research into topics in risk theory and risk management.  (Posted November 1995; updated October 1999.)
http://www.aria.org/rts/


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