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Krimsky (1992), in his discussion of the role of theory in social theories of risk, notes the loose application of the term theory outside formalised natural sciences, and suggests a spectrum of meaning ranging from formal axioms that are given an empirical interpretation at one end of the spectrum, through to a “single posited conjecture for explaining an event” (Krimsky, 1992: 6) at the other. Krimsky postulates that most theoretic activity in the study of risk lies between these two poles, and goes on to suggest that:
At the very least, we can say that a theory must offer a system of concepts and statements, models, or principles, which, in concert, make the empirical world more intelligible...
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