Confusion regarding proper use of the terms rate and risk persists in
the literature. This has implications for the proper modeling of progn
osis and transition between health states in decision analysis and rel
ated techniques. The issue is complicated by the plethora of terms rel
ated to rate and risk. Although the suggestion to use the terms force
and probability as substitutes for rate and risk has some appeal, the
change in terminology by itself is unlikely to solve all the confusion
or misuse of terms. This paper clarifies the proper definitions and e
stimations of rates and risks and suggests critical factors for the de
cision analyst to remember when using, modeling, or interpreting trans
ition rates and risks.