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Tag Archives: blowing up

Something people don’t realize about fat-tailed probabilities…

Something people don’t realize about fat-tailed probabilities: We may accept to take risks with .00001 pct chance of blowing up the planet. May be OK for some. But the inconsistency is that we do serially and collectively take A LOT of “one-off” risk. If nothing happens, we may do it again. And again. Or we […]