👉 Riskiness is a concept in economics that refers to the probability of an event occurring, based on the likelihood and severity of its consequences. It quantifies the level of uncertainty associated with potential outcomes or actions, and can be thought of as the chance that something bad will happen. Riskiness is often used in financial analysis to assess the risk of different investments or options. In terms of risk management, it's important to understand how to quantify the probability of events occurring and then use this information to make

riskiness