My personal risk assessment strategy is to do something like: if my chance of car accident is 1/450 per year, would I pay one car accident in order to get 450 years of driving? If yes, then I drive. I do this for nearly all my risk assessments and I'm wondering how common it is.
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I’d follow a dedicated twitter account for math like this
Thanks. Twitter will use this to make your timeline better. UndoUndo
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This requires 1% chance of such bad food shortage that you starve - one might pay 2 weeks of highly rationed eating for $3000. (I think the math goes in favor too, but food shortage != starvation.)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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