This type of risk is based on uncertainty. These are situations where the possibility for either a gain or loss is possible, depending on the consequences of an activity or inactivity (Halek &...

This type of risk is based on uncertainty. These are situations where the possibility for either a gain or loss is possible, depending on the consequences of an activity or inactivity (Halek & Eisenhauer, 2001). For example, engaging in the activity of gambling has both positive and negative outcomes.