If a risk has no actual downside, is it actually a risk?
@sebastmarsh E.g. 90% probability of earning £20K vs 10% probability of earning £250K, vs. 80% probability of earning £70K vs 20% of £120K.
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@sebastmarsh It's all upside but you still want to maximise the upside as if it was risky. Only rule is: don't flake; pick one. -
@sebinsua Oh, good stuff. True. Opportunity cost matters. I was writing for the "take no-downside risk vs. sit on butt do nothing" decision
End of conversation
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