Risk Compensation
From Open Risk Manual
Revision as of 10:28, 11 May 2021 by Wiki admin (talk | contribs)
Definition
Risk Compensation denotes a behavioral trait whereby human attitudes to an identified risk may evolve after the application of Risk Mitigation measures.
Issues and Challenges
- The term might be confused with the (financial) compensation for underwritten risk (See e.g. Risk-Adjusted Return on Capital)