Climbing Gold cover image

Risk Roundup

Climbing Gold

CHAPTER

Complex Torrain - The Challenge of Valuing Risk

The challenge with complex torrain is that it's very difficult to put any kind of realistic number on the the likelihood of something happening. Two equations for risk fall apart in complex torrain. You're sort of compounding tons and tons of low likelihood events. There are so many different events like that that you can't really anticipate which one might happen on any given day.

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