Friday, February 4, 2011

Risk

If I were using my "risk management" knowledge, I would be blogging more about background risk vs. specific risk.

For example, the 12% (often called "1 in 8" but actually 1 in 8.8 = "1 in 9") risk of getting breast cancer in general is cumulative / lifetime (for the first cancer) -- while the average risk is 1.3% per year, increasing.

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