> low-probability high-impact People often equate “risk” with “likelihood”, when... | Hacker News

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		andsoitis 5 months ago \| parent \| context \| favorite \| on: Pascal's Scams (2012) > low-probability high-impact People often equate “risk” with “likelihood”, when it would be more effective to view risk = impact * likelihood.

BobaFloutist 5 months ago [–]

Even then, high impact very low likelihood is still often worth avoiding.

Maybe (impact * likelihood) - cost to mitigate

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