Risk management, in my tutored and practical experience, is concerned with two dimensions : probability / likelihood, and consequence / impact
That's it in a nutshell!
Risk management strategies include avoidance and mitigations.
That's a good way to put it. In the formal literature, the step after analyzing the risk (assessing likelihood and potential consequence) is to evaluate possible mitigation strategies, and the next i sto decide wither to accept the risk or to mitigate it.
But obviously, avoidance is a
very critical element in staying safe.
Not only will I choose mitigation strategies against the concept of predation in general (carry a gun), but my decision tree will run a probability/consequence analysis against the types of predators I'm potentially gonna encounter so that my mitigations can be tailored for the most likely scenarios (snake shot / OC in the woods vs SD HPs for more social environments.
Yes indeed! And as I mentioned, bears...
In my case, I always have a 9mm pistol on me at all times so it's kinda a moot question.
What many people looking at the carry of firearms for defense against human predation seem to miss is that
once an attack occurs, what will be required to handle it will
not be a function of how likely that occurrence might have been considered beforehand.
Full disclosure: there was a rime when I often selected my carry piece on the basis of my subjective assessment of likelihood as I headed out to go somewhere. Then a poster here challenged that idea--and rightly so.
That opened my eyes, and it should not have been necessary.
It was also embarrassing, personally. Long before that came up, I had co-authored the comprehensive risk management procedure set for a major corporation.
In the years following, I worked in its application, in system engineering, investment decisions, public financial reporting, the safeguarding of assets, pricing and entering into contracts, the design of internal controls....
I taught the subject. Yet when I strapped on a gun.....
So, when someone comes along who has not yet though it through, I think "been there, done that", and then try to help.