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It would be great if moral certainty made risk assessment easier, but it doesn't actually do so.
Above all, it has made risk possible, with its "right to fail" philosophy; this can provoke embarrassment in a big space, but seems perfectly acceptable in a small one.
Between 2002 and 2007, false beliefs in the private sector — the belief that home prices only go up, that financial innovation had made risk go away, that a triple-A rating really meant that an investment was safe — led to an epidemic of bad lending.
"The changing standard used to judge ballots, the inability of the officials in charge to explain their procedures and the secretive fashion in which decisions were made risk undermining people's confidence in the results," said Ari Fleischer, a spokesman for the Bush campaign.
Such changes have made risk assessments, safety procedures, and field support all the more important.
"We have made risk assessment for avalanches very successfully," Karlsdóttir says.
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Lastly, investors made risk-averse by the frailty of technology shares in the United States have demanded high premiums on all emerging-market debt.Despite all this, Argentina's exports have risen.
And it is a choice that, once made, risks Simon's own liberty and happiness, too.
Antipredatory adaptations to foraging behavior have largely been studied in risk-heterogeneous environments, such as desert ecosystems with a choice of microhabitats [4] or in habitats deliberately made risk-heterogeneous, for example by mowing [5].
Financial conjurors suddenly discovered that their tricks for making risk vanish had only disguised it.
But you cannot make risk disappear altogether; you can only shift it to another place.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com