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I'm glad to see this response here, this distils it to it's basic utility exactly. I'd only add that assessing risk, that is, assigning a numeric and subsequen
by betwixthewires 5y ago
I'm glad to see this response here, this distils it to it's basic utility exactly.
I'd only add that assessing risk, that is, assigning a numeric and subsequently monetary value to the likelihood that a prediction will not happen in the future, enables this to occur. Without being able to move risk around you cannot move money through time.