Risk acceptance is another way deal with a risk. This approach is to simply accept the risk and any possible consequences. For example, perhaps your company and another company are both developing a new software product to serve a new market. Ideally, your product would be the first to the market, but since you started later, there is a risk that you may not be. Not being the first to the market could result in a loss of market shares. After analyzing the risk, you may decide to accept any consequences of not being the first to the market in exchange for developing a better product by not rushing it.
One point to keep in mind is that actions taken to resolve a risk by mitigating or transferring it may have their own set of risks. This must be taken into consideration as part of the analysis of that risk. If, in the last example, the company decided to mitigate the risk by attempting to complete the product sooner, additional risks might have been created, such as a greater probability that requirements could be missed or that the quality might suffer.