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vaughn tan
@vt
when we call something a "risk," we instinctively apply risk-management methods for making decisions about it (such as cost-benefit analysis, expected value analysis). the problem is that many things we label as "risks" are actually uncertainties: they aren't well-understood and quantifiable enough for the assumptions needed for CBA/expected value analysis to hold. more on this here: https://vaughntan.org/how-to-think-more-clearly-about-risk
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