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July 30, 2008

Unlikely risks and fat tails

In his The Pulse article of July 29th Bangs and whimpers Anders Sandberg takes the long view of health risks. Sandberg reports from the Oxford Global Catastrofic Risks Conference, that while overall risks may have fallen, large and unlikely types of risks with fat tails (the total number of causalities over time is dominated by the largest disaster, not the median disaster) have become more dangerous. What lessons can we draw for health policy?

Posted by Waldemar at July 30, 2008 09:00 AM