The Lucretius Problem is a mental defect where we assume the worst case event that has happened is the worst case event that can happen. We fail to understand that the worst event that has happened in the past surpassed the worst event that came before it. Only the fool believes all he can see is all there is to see.
Very interesting concept! Thanks for sharing. I work (adjacently) in risk management and this nicely summarizes a thought I’ve always felt in the background but didn’t know how exactly to explain.
Very interesting concept! Thanks for sharing. I work (adjacently) in risk management and this nicely summarizes a thought I’ve always felt in the background but didn’t know how exactly to explain.