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Ep 111: Probability - Reality, Rationality and Risk

ToKCast

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Building a House That Will Survive the Flood

We live on a continent that is astonishingly flat. Yet people build homes, towns and whole cities on the flood plain. We have good explanations of where floods happen - but not exact whin. In this situation, you know the flood will come, so you have to be ready for it. Anything less is irresponsible and basically gambling. And at no point do we need to gamble. Floods happen. We just don't know exactly when.

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