Editorial

Abstract

Risk is part of our daily language and we use it in a variety of contexts and scenarios. One might talk about ‘risk’ as the probability of an incident happening or not happening, about success or failure. One can also refer to risk in a negative manner when dealing with opportunities and threats. Taking a risk is an option and not an ultimate fate. One’s freedom of choice depends from the action one dares to take. The study of risk began in the Renaissance, when people freed themselves from the compulsion of the past. It was a time when the world was extensively explored and discovered and a lot of resources were found.