3 ms·
There is a concept in insurance called "shirking," which is the principle of externalizing as much risk as possible.
by rhizome 8y ago
There is a concept in insurance called "shirking," which is the principle of externalizing as much risk as possible.
- supertrope 8y agoAll businesses are constantly externalizing costs.
- rhizome 8y agoI didn't mention costs.
- supertrope 8y agoRisk can be considered a cost. Expected value = sum of individual payoffs * their individual probabilities.