9 Special Risks
John Spacey, updated on August 09, 2021
Special risks are a category of risk that are difficult to manage for one reason or another. The following are examples.
Dread RiskA risk that is associated with strong emotions such as fear or protective instincts. People commonly want to drive dread risks towards zero even if its extraordinarily expensive.
Existential RiskA global risk to quality of life.
Force MajeureA large scale negative event that you have no power to stop such as a storm, earthquake or war.
Infinite RiskA theoretical type of risk that can be used to explain why it makes sense to manage existential risks even if their probability is very small.
Passive RiskThe idea that inaction is often as much of a risk as action. People tend to associate risk with action and passive risk is often neglected.
Positive RiskIn many industries it is common to treat opportunities as positive risk. Many individuals find this term absurd or difficult to embrace because they think of risk as exclusively negative.
Residual RiskThe risk that remains after you have managed risk. It is usually impossible to reduce risk to zero.
Secondary RiskA risk that results from efforts to reduce risk.
Tactical RiskRisks associated with decisions that occur at high speed.
RisksThis is the complete list of articles we have written about risks.
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An overview of existential risk. A list of common business risks. The four things that can be done about risk.
A metric for measuring risk management.The potential that you'll achieve too much of a good thing. The definition of risk taking with examples. A list of risk examples by type. The two main factors in modeling a risk. A definition of calculated risk with an example.
How to calculate relative risk with examples.An overview of the risk management process.
An overview of cascading failure and resilience.
An overview of business as usual.A list of techniques for reducing risk.
The difference between risk mitigation and risk reduction.A list of common risk controls.
A definition of risk value with example calculation.The common types of risk impact. A definition of risk communication with examples. Overview of the steps in a risk management process.
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