Homework #1- Risk - Steven Ho 915099590 Steven Ho R.8.4...

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Steven Ho: 915099590 Steven Ho R.8.4. TUID: 915099590 Homework Assignment #1 25 January 2016
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915099590 1. Static Risk is defined as something that remains constant and is always present, such as a fire or theft. Static risk that is stated in Whatever happened to the 100 years events article would be in the first paragraph when stating the number of square miles in Colorado that were destroyed because of the flood and rapid raining. More examples that define static risk would be hurricane Katrina in 2005, or Storm Sandy in 2012, or the wildfire summer of 2012. All are defined as Static because of the constant risk that may or may not come and no one can control it. Compared to a dynamic risk, which arises out of changing circumstances, such as social media, inflation, and new technology. Dynamic risk is stated in Whatever happened to the 100 years events article by stating on page 30 by stating, “The greenhouse effect almost certainly exists and will be exacerbated by manmade CO2 emissions. This is very likely to make the planet warmer.” With the planet becoming warmer, there is a high chance that it causes more of a frequency to extreme natural events, such as hurricanes and tornadoes. 2a. Subjective risk is defined as an individual’s view of uncertainty or the situations involving risk. Wyeth has more of a subjective risk because he is deathly scared of sharks and does not enjoy going into the ocean.
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  • Spring '10
  • GARY
  • shark attack, Wyeth

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