risks - Concepts

Explore concepts tagged with "risks"

Total concepts: 12

Concepts

AI Hallucination - When AI models generate plausible-sounding but incorrect or fabricated information.
AI Safety - Research and practices ensuring AI systems are beneficial and don't cause unintended harm.
Black Swan - A rare, unpredictable event with major impact that is rationalized in hindsight.
Data Breach - A security incident where protected or confidential data is accessed by unauthorized parties.
Ergodicity - Whether time averages equal ensemble averages - a crucial distinction for risk and decision-making.
Fat Tails - Probability distributions where extreme events occur more frequently than normal distributions predict.
Fear of Failure - The emotional response that prevents risk-taking due to concern about negative outcomes.
Information Diseases - Pathologies that affect information systems causing data loss, inaccessibility, or degradation.
Law of Large Numbers - The principle that averages of random samples converge to expected values as sample size increases.
Past Performance Fallacy - The principle that historical results and past successes do not guarantee or reliably predict future outcomes.
Unknown Unknowns - The category of things we don't know we don't know, representing the most challenging type of uncertainty in decision-making.
Variance - A measure of the spread of values, calculated as the average squared deviation from the mean.