6It could be argued that even some general uncertainty (risk) is higher in the latter gamble, but this depends on the specific uncertainty/risk measure used. Gambles where both expectation and variance are made equal, while some asymmetric threat-like difference exists, are discussed by Ebert and Karehnke (2021) and Trautmann and van de Kuilen (2018), and they could be used to create and example that rigorously makes the difference between variance-based uncertainty and threat; see also footnote 7 below.