Question

Difference between objective risk and subjective risk

Answer 1

Answer:

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Explanation:

Subjective risk is less quantifiable, because the parameters affecting are less well known (E.g: likelihood of losing income due to depression - one starts missing work due to depression and is very unlikely to even recogn... Objective risk is anything that is measurable directly or indirectly and quantified.

Answer 2

Explanation:

Subjective risk is what an individual perceives to be a possible unwanted event. ... Objective risk (aka degree of risk) is the actual losses for a sample in a given period, which can differ significantly from expected losses, and is inversely proportional to the square root of the sample size — the law of large numbers.