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Steven Clarke's avatar

I think about Taleb’s point… you can, um, predict your exposure to an event much better than you can predict the event itself

Reducing your exposure to the event… even if it’s mass relocation… is much more important and in your control than the probability

Jordan Ellenberg's avatar

To play devil's advocate here, because as you know I'm also a numerical probability skeptic: the numerical probability aficionado might say something like "at some point, with limited resources, you have to decide whether to build that infrastructure in Seattle to hedge against Cascadia or in St. Louis to hedge against New Madrid, and what's your basis for decisions about allocation?"

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