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Measurement of Risk topic from Personal Risk Management course: How do we compare the severity of the consequences of different events? Can we use measures
Measurement of Risk topic from Personal Risk Management course:
How do we compare the severity of the consequences of different events? Can we use measures such as the number of deaths or the dollar value of damages?
What if risk behaviours are poorly captured or not included in risk modelling?
Does the probability of loss change over time? Why?
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