Reference no: EM133662216

Discussion Post

I. What is risk? Carl Pritchard writes that "[a]lthough the terms risk and uncertainty are often used interchangeably, they are not the same." Weber, however, in the assigned article, states that "the oft-echoed distinction between uncertainty and risk ceases to demarcate the frontier of risk management." In your thread, provide a definition of risk and discuss the difference between risk and uncertainty. Then, discuss how risk managers use the basic risk concepts discussed in this assigned reading to identify and categorize risk.

II. Discuss the implications, raised by Harold Berman, of the separation of transcendent religious principles from the formation of law. Professor Berman asserts that a legal system divorced from religion loses its ability to do justice and, perhaps, even to survive. In discussing the implications of a legal system divorced from religion, you must include examples from contemporary society to support your position and explain whether Professor Berman's position is consistent with the Bible. In responding to the question, you might (but are not required to) explore how Professor Berman's assertion about the connection of religion and law relates to H.L.A. Hart's question of "What is Law?" or the various theories of "the nature of law".