Definition of Perceived risk
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Perceived risk Definition from Business & Finance Dictionaries & Glossaries
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Perceived risk Definition from Encyclopedia Dictionaries & Glossaries
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Risk perception is the subjective judgement that people make about the characteristics and severity of a risk. The phrase is most commonly used in reference to natural hazards and threats to the environment or health, such as nuclear power. Several theories have been proposed to explain why different people make different estimates of the dangerousness of risks. Three major families of theory have been developed: psychology approaches (heuristics and cognitive), anthropology/sociology approaches (cultural theory) and interdisciplinary approaches (social amplification of risk framework).
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