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The events are not independent. Maybe the first time you leave your bike outside you learn that it will be stolen, and then you don't do that anymore, reducing
by bagels 2y ago
The events are not independent. Maybe the first time you leave your bike outside you learn that it will be stolen, and then you don't do that anymore, reducing your future risk.
- nox101 2y agoyes, and that 2% per year average figure takes that into account. The percent for your life is higher. You got robbed, do something to make it go down, it gets lower. Over the course of the average life, it ends up at 2% per year. It's probably highest around 15 to 25yrs old (have possessions, get robbed, learn to do differently) and lower at the end (except for getting robbed by scams which often target the elderly)