Online College Courses for Credit



Author: Ryan Backman

This lesson will introduce the concept of risk.

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Terms to Know

The negative expected value of losing something. Something becomes less risky if it is not worth much, or if the probability of loss is very small.

Formulas to Know

left parenthesis V a l u e space o f space L o s t space I t e m right parenthesis space cross times space left parenthesis P r o b a b i l i t y space o f space L o s s right parenthesis