Richard de Crespigny
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
You'll derive.
You do the hard work.
You derive.
Well, given these reasons, yes, I am safe.
So I'm going to put it really simply.
We talk about risk, and risk is probability of an event times a consequence.
Right?
Now, let's imagine the consequences are the same.
Let's imagine the consequence is you dying.
Right.
This is the worst.
And now we're going to talk about risk where death is the outcome, the consequence.
So the risk is equal to the probability because the consequence is the consequence.
No.
No, no, no.
Gravity is a consequence.
The consequence is what is the outcome when an event happens.
Events can be probable and possible, and that's different levels of probability of an event happening.
But the probability of an asteroid coming through this room is very small.
The consequence is probably fatal for you and me, right?