answersLogoWhite

0

Uncertainty refers to a lack of knowledge or information about a situation, while risk involves the possibility of harm or loss. Uncertainty is about not knowing what might happen, while risk is about the potential negative outcomes that could occur.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

What is the difference between risk and uncertainty?

First of all that is improper grammar. Second, uncertainty is not knowing or being sure of something. Risk is either a cool board game or doing something dangerous. doing something dangerous is taking a risk.


Different between certainty risk and uncertainty risk?

Different between certainty risk and uncertainty ris


What are the differences between 'risk' and 'uncertainty'?

Risk is a dangerous choice that a person makes. An uncertainty is how someone feels about the decision.


What is the difference between risk and ambiguity?

Risk is a possible danger. Ambiguity is something that is not clear. Something that is ambiguous may pose a risk, but the words are not the same.


What is Difference between wholesaler and retailer on the basis risk?

what is Difference between wholesaler and retailer on the basis risk?


What is the difference between accuracy and uncertainty?

accuracy is when you KNOW something and uncertancy is when your not sure


What is the difference between skepticism and bias?

Skepticism is uncertainty, while bias is prejudice.


What is the difference between error and uncertainty?

Error refers to the difference between a measured value and the true value, while uncertainty is a measure of the range within which the true value is likely to lie. Error quantifies the deviation from the true value, while uncertainty quantifies the level of confidence in the measurement.


What is difference between constraint an risk?

A constraint is a limitation that is visible and present. The difference between a constraint and risk is that a risk is problem that is not yet seen, or a potential problem.


What are the difference between political risk and country risk?

they are the same


What is the difference between transaction risk and economic risk?

Transaction is bank risk


What is the difference between error and uncertainty in the context of data analysis?

Error in data analysis refers to the difference between the measured value and the true value, while uncertainty is the lack of precision or confidence in the measurement. Error is a specific mistake in the data, while uncertainty is the range of possible values that the true value could fall within.