Reflections on the ontological status of risk

In this article we discuss the concept of risk in an ontological perspective. Risk per se is not a self-explaining concept that 'exists' by its own virtue. Our discussion is therefore based on existing methodologies and epistemological claims concerning risk. With these claims as our point of departure, we examine risk in relation to the concept of time, state of affairs (the state of the world) and events and discuss relations and constitutional issues for the risk concept. Drawing on a relation between time and state of affairs, we argue that risk is rooted in the transition from the future to the present. Risk is being constituted by the transition from a myriad of future possibilities into one present reality (one actual contingent world). This implies that risk is not ontologically something of the future, but rather something of the present. However, we argue that risk does not exist in any ontological sense. What actually exist are possible (future) states of affairs and these may or may not be interpreted to hold risk. An implication of this is that all risk claims are subjective.