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Since 2007, most bankers have described their situation as significantly more worrying and stressful. I’m estimating the number of senior executives in that ind
by bertil 13y ago
Since 2007, most bankers have described their situation as significantly more worrying and stressful. I’m estimating the number of senior executives in that industry at 50,000 people. Suicide rate for stressed 50-somethings is around 15 per 100,000. That means on average one every three weeks.
That would make a week with seven deaths seem suspicious, but let's consider the Bernouilli distribution, considering there has been roughly 700 weeks since 2007:
( (1-( 1-(15/100000/52))^50000 * (15/100000/52))^7 ) ^700 )
Yeah, that's unlikely.
- tptacek 13y agoThese aren't all bankers, they aren't all senior executives, they aren't all 50, the entire financial industry employs over 1,000,000 people, and you've understated the suicide rate (you may only be counting the male stat). The article also doesn't count seven financial industry suicides in a week. It counts 3 (in that week, and in the [insanely broad] finance industry), and an auto executive.
- bertil 13y agoWith your numbers, it indeed become reasonably likely - thanks for that. I'm always confused by how titles can be inflated in the financial services. My point was more: when it comes to conspiracy, stay away from story-telling, and do the math. That forces you to focus on assumption, such as the actual size for the group considered.