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RISK IS GENERALLY understood to mean future events for which the outcomes are unknown or uncertain. However, it is important to note that not all aspects of the unknown future are created equal. We might describe risk as a case where the unknown future matters; if the outcomes did not matter there would be no risk. In such cases, the consequences make a difference to those who are making the decisions or may be affected. Risk does not always imply a negative or bad outcome . . .
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