Which of the following refers to personally developed probabilities of potential losses based on expectations, fear, worry, and other factors?

Question

Quizplus · Accepted Answer

Subjective risk refers to the individual's perception of risk, which is influenced by personal feelings, experiences, and judgments rather than statistical data. This contrasts with objective risk, which is measurable and based on actual loss data.

Which of the Following Refers to Personally Developed Probabilities of Potential