Discover and read the best of Twitter Threads about #riskmitigation
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A lot of interest in this comment. So let me lay out a framework for assessing risk in general and how it relates to Covid so we have a more nuanced understanding of “risk” and risk mitigation.
3 things can determine risk:
-probability
-severity
-time
1/N
3 things can determine risk:
-probability
-severity
-time
1/N
2/ Looking to lessons learned in wilderness education and mountaineering, risk can be understood as a combination of these 3 factors. And we have varying control over each of them in different settings. We do this all day long but don’t consciously think about it.
R=P*S*T
R=P*S*T
3/ In simple terms, P (probability) is just how likely is something to happen?
S (severity) is how bad would it be?
T (time) is how long you are at risk/exposed to the hazard.
Unpacking this from just “risk” helps tremendously with thinking about Covid.
S (severity) is how bad would it be?
T (time) is how long you are at risk/exposed to the hazard.
Unpacking this from just “risk” helps tremendously with thinking about Covid.
Daily Bookmarks to GAVNet 05/12/2021 greeneracresvaluenetwork.wordpress.com/2021/05/12/dai…
GOP State Lawmaker Slammed For Saying 3/5 Compromise Aimed To End Slavery
huffpost.com/entry/tennesse…
#PartisanPolitics #SystemicRacism #institutionalSlavery #RevisionistHistory
huffpost.com/entry/tennesse…
#PartisanPolitics #SystemicRacism #institutionalSlavery #RevisionistHistory
Educated man says he’d rather die than risk dying from AstraZeneca vaccine
thebeaverton.com/2021/04/educat…
#humor #vaccines #COVID19 #CriticalThinking
thebeaverton.com/2021/04/educat…
#humor #vaccines #COVID19 #CriticalThinking
Daily Bookmarks to GAVNet 03/30/2021 greeneracresvaluenetwork.wordpress.com/2021/03/30/dai…
Complex Systems: Volume 30, Number 1 (2021)
complex-systems.com/current/
#complexity #journal #CurrentIssue
complex-systems.com/current/
#complexity #journal #CurrentIssue
The Law of Regression to the Tail: How to Survive COVID-19, the Climate Crisis, and Other Disasters
papers.ssrn.com/sol3/papers.cf…
#RegressionToTheTail #risk #FatTailedRisk #COVID19 #pandemics #ClimateCrisis #RiskMitigation
papers.ssrn.com/sol3/papers.cf…
#RegressionToTheTail #risk #FatTailedRisk #COVID19 #pandemics #ClimateCrisis #RiskMitigation
1/4
Item #2 for building back better
DECARBONIZING THE ECONOMY
The covid crisis must be used to accelerate the transition to an electric, zero-carbon economy, to reduce climate tail risk.
Item #2 for building back better
DECARBONIZING THE ECONOMY
The covid crisis must be used to accelerate the transition to an electric, zero-carbon economy, to reduce climate tail risk.
2/4
This includes:
(a) investments in renewable energy (and maybe nuclear, if it can be made fast and safe) for powering the industry;
(b) electrification of trains, trucks, public transport, and cars; and
This includes:
(a) investments in renewable energy (and maybe nuclear, if it can be made fast and safe) for powering the industry;
(b) electrification of trains, trucks, public transport, and cars; and
3/4
(c) investments to improve true sustainability of farming, food manufacture, housing, and commercial real estate.
Free pdf with new paper here: bit.ly/2C69vKS
Please help share.
(c) investments to improve true sustainability of farming, food manufacture, housing, and commercial real estate.
Free pdf with new paper here: bit.ly/2C69vKS
Please help share.
