INSURANCE, FLEXIBILITY, AND MARGINS Paying attention to the accumulation…

INSURANCE, FLEXIBILITY, AND MARGINS Paying attention to the accumulation of risk is one way to potentially reduce our exposure to high-impact harm, but another strategy that could help in this regard is called flexible planning. The simplest form of this strategy is insurance.

— from The Flight Plan (Purpose/Wisdom/Risk) · Practical Uncertainty: Useful Ideas in Decision-Making, Risk, Randomness, and AI by Hossei

Also belongs to

• Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)
• Failure & Resilience (Challenge/Failure/Perseverance/Accountability/Flexibility/Resilience)

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