Risk Reduction
topic on 1 show · 1 statements across 1 episodes
1 statements about Risk Reduction, every show
Taylor: Minimizing accident consequence beats trying to engineer away low odds
“The alternative way that you can reduce risk is actually just reducing consequence, right? And we would argue that that's a much better way to reduce risk. Odds are stochastic, right? Even if you do an enormous amount of risk reduction on odds and you do all t…”