3 ms·
Significant risk includes likelihood, not just damage. If you want to hedge bets against highly unlikely events best hold as few physical belongings as possibl
by suzakus 6y ago
Significant risk includes likelihood, not just damage.
If you want to hedge bets against highly unlikely events best hold as few physical belongings as possible
- greesil 6y agoI know how to compute the expected value. No, if I want to hedge I'd spend a lot of money on earthquake insurance and hope it actually pays out. Damaging earthquakes are not unlikely event in these locales. In the next 20 years a 6+ magnitude quake is above 90% in the Bay. Something like 60% for a 7+. Cascadia subduction zone produces 9s almost periodically, and it is overdue as well.