Game concept
Hunt Peril
The game also links it as Peril, Perilous.
From the game's encyclopedia
The unpredictability of even gentle wild beasts, coupled with the frenzy of the chase, has undone many a mighty warrior.
More Perilous animals will grant greater PrestigePrestige to the hunter.
The remoteness of the wilderness and abundance of opportunity should also not be ignored when choosing guests...
The game's text for patch 1.20.1.2. Words in blue are entries of the encyclopedia: hover one to read it, as in the game.
Hunt Peril is an entry of Crusader Kings III's in-game encyclopedia. The game explains it: "The unpredictability of even gentle wild beasts, coupled with the frenzy of the chase, has undone many a mighty warrior." It is part of Activity. The game also links it as Peril and Perilous. Patch 1.20.1.2, from game/common/game_concepts/00_game_concepts.txt and game/localization/english/game_concepts_l_english.yml.
Source: game/common/game_concepts/00_game_concepts.txt, game/localization/english/game_concepts_l_english.yml and the English localisation, Crusader Kings III 1.20.1.2.