Risk Management Is Broken in the Modern World… Except When It Isn’t

The TSA Security Example

Precaution Alone Fails to Explain Our Behavior

Climate Change Counter-Example

Uber, Self-Driving Cars, and Other Counter-Examples

  • Lehmann Brothers’ collapse was a risk we decided to take, but not AIG
  • 23andme received regulatory backlash sufficient for them to halt operations, just for showing users a dashboard that used health information crawled from academic research
  • Uber / Lyft and others outright broke the rules that taxi regulating organizations impose in many cities, and they pretty much got away with it
  • AirBNB broke a ton of hoteling rules, and wound up capitulating or compromising, but not before they established their market position

Unequally Distributed Risk Allowances

 by the author.

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Obligatory analytical writing, online participation account for Medium. Engineering, software, books, space, constant daydreaming.

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Alan

Alan

Obligatory analytical writing, online participation account for Medium. Engineering, software, books, space, constant daydreaming.

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