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The Factor Analysis of Information Risk
There are near endless ways that people and organizations try to create risk equations or to model risk. We don't have time to go into all of them, but if you're interested, i'll steer you to the fair framework. Fair is an acronym that stands for the factor analysis of information risk. And lastly, peter sandman, one of the goroos of risk perception, proposed this equation: Risk equals hazard plus outrage.