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Risk

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My own definition of risk :

The perceived probability of an outcome not being the desired one, leading to a success of events with variable impact on life, work, money.

NASA defines risk as 1 :

The potential for performance shortfalls which may be realized in the future respect to achieving explicitly established and stated performance requirements.

Associated podcast : Radio Hour , Risk

Most significant part is the discussion with Mariana Mazzucato about who is taking the risk in innovation . Are public entities offsetting the risk in order to make few people very wealthy? How does the system work to make them pay back what they have received for free?


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