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2 - The concept of risk

Published online by Cambridge University Press:  05 June 2012

Joseph M. Hilbe
Affiliation:
Arizona State University
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Summary

Risk and 2×2 tables

The notion of risk lays at the foundation of the modeling of counts. In this chapter we discuss the technical meaning of risk and risk ratio, and how to interpret the estimated incidence rate ratios that are displayed in the model output of Poisson and negative binomial regression. In the process, we also discuss the associated relationship of risk difference as well as odds and odds ratios, which are generally understood with respect to logistic regression models.

Risk is an exposure to the chance or probability of some outcome, typically thought of as a loss or injury. In epidemiology, risk refers to the probability of a person or group becoming diseased given some set of attributes or characteristics. In more general terms, the risk that an individual with a specified condition will experience a given outcome is the probability that the individual actually experiences the outcome. It is the proportion of individuals with the risk factor who experience the outcome. In epidemiological terms, risk is therefore a measure of the probability of the incidence of disease. The attribute or condition upon which the risk is measured is termed a risk factor, or exposure.

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Publisher: Cambridge University Press
Print publication year: 2011

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  • The concept of risk
  • Joseph M. Hilbe, Arizona State University
  • Book: Negative Binomial Regression
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511973420.003
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  • The concept of risk
  • Joseph M. Hilbe, Arizona State University
  • Book: Negative Binomial Regression
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511973420.003
Available formats
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To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The concept of risk
  • Joseph M. Hilbe, Arizona State University
  • Book: Negative Binomial Regression
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511973420.003
Available formats
×