EVE General Discussion

Nope. It was just you failing to read and comprehend entire clauses at once (much less in context).

Your quote, your words.

Risk implies a chance of 2 different outcomes. Cost does not.

The ability to reduce it doesn't matter much. It would be exactly as impossible to reduce if it was a hard-coded 50% rather than 100%. What we can do, though, is mitigate it, usually by counterbalancing it with a decent-size risk of a flipping great payout from all the loot we'll be able to scoop (btw, that risk has the exact same “issue”: a hard-coded, unalterable probability of 50%… or some such, I'm not sure they've ever actually released the number).

Indeed it is asinine, but it is also what you effectively say if you claim that guaranteed ship loss is not a risk.[/quote]




Challenge accepted.

Now, about that threat?

Ok. Good luck.

Well, you can't be posting if you're going to go through the entire forum (including archives) for a quote that doesn't exist, now can you?

http://en.wikipedia.org/wiki/Risk

Risk is the potential that a chosen action or activity (including the choice of inaction) will lead to a loss (an undesirable outcome). The notion implies that a choice having an influence on the outcome sometimes exists (or existed). Potential losses themselves may also be called "risks". Any human endeavor carries some risk, but some are much more risky than others.

Risk can be defined in six different ways

1. A probability or threat of damage, injury, liability, loss, or any other negative occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.

2.Finance: The probability that an actual return on an investment will be lower than the expected return. Financial risk is divided into the following categories: Basic risk, Capital risk, Country risk, Default risk, Delivery risk, Economic risk, Exchange rate risk, Interest rate risk, Liquidity risk, Operations risk, Payment system risk, Political risk, Refinancing risk, Reinvestment risk, Settlement risk, Sovereign risk, and Underwriting risk.

3. Food industry: The possibility that due to a certain hazard in food there will be an negative effect to a certain magnitude.

4. Insurance: A situation where the probability of a variable (such as burning down of a building) is known but when a mode of occurrence or the actual value of the occurrence (whether the fire will occur at a particular property) is not. A risk is not an uncertainty (where neither the probability nor the mode of occurrence is known), a peril (cause of loss), or a hazard (something that makes the occurrence of a peril more likely or more severe).

5. Securities trading: The probability of a loss or drop in value. Trading risk is divided into two general categories: (1) Systemic risk affects all securities in the same class and is linked to the overall capital-market system and therefore cannot be eliminated by diversification. Also called market risk. (2) Nonsystematic[clarification needed] risk is any risk that isn't market-related or is not systemic. Also called nonmarket risk, extra-market risk, or unsystemic risk.

6. Workplace: Product of the consequence and probability of a hazardous event or phenomenon. For example, the risk of developing cancer is estimated as the incremental probability of developing cancer over a lifetime as a result of exposure to potential carcinogens (cancer-causing substances).

I underlined the parts you seem focused on, and italicized the parts I'm focusing on.

Or the one I already posted.

…which doesn't contain the implication you're looking for.

no i mean by sidestepping an issue when it's obvious you're wrong.

don't mistake this for me having a go or anything, i think you're an excellent troll.

Gamblers putting money on the table or in the machine, according to your definition, aren't taking risks.