risk - Concepts

Explore concepts tagged with "risk"

Total concepts: 8

Concepts

Threat Modeling - A structured approach to identifying, quantifying, and addressing security threats to a system.
Ambiguity Effect - The tendency to prefer options with known probabilities over options with unknown probabilities.
Sensitivity Analysis - A technique for determining how changes in input variables affect the output of a model or decision, revealing which assumptions matter most.
Option Value - The additional value inherent in maintaining flexibility and keeping options open, especially under conditions of uncertainty and irreversibility.
Value of Information - A decision-theoretic measure of how much it is worth to gather additional information before committing to a decision, balancing the cost of research against reduced uncertainty.
Decision Analysis - A systematic, quantitative discipline for evaluating complex decisions by structuring problems, modeling uncertainty, and identifying the choice that maximizes value.
Maximin - A decision strategy that chooses the option whose worst-case outcome is the least bad, prioritizing protection against the worst possible scenario.
Vulnerability Assessment - The systematic process of identifying, quantifying, and prioritizing security weaknesses in systems.