If the event has a high probability (ex: 83%), we tend to do what?

If an event has a high probability, we tend to do what is called "risk assessment." This means that we evaluate the risks associated with taking an action or inaction. We consider factors such as potential costs, likelihood of success, or potential harms that could occur as a result of the event occurring. By assessing the risks, we can decide whether to take action or not and what precautions need to be taken in order to mitigate potential costs or harms.