Kids manipulate - Deepstash

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Kids Are Master Manipulators. So Use Game Theory Against Them

Kids manipulate

Kids are master manipulators. They will play up their charms, pit adults against another and wail loudly in public. It's your job to keep up with them.

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Three different sides of risk
  • The odds you will get hit.
  • The average consequences of getting hit.
  • The tail-end consequences of getting hit.

The first two are...

The tail-end consequences

The tail-end consequences of an action or event (those with low-probability, high-impact) are all that matter.

In investing, the average consequences of risk make up most of the daily news headlines. But the tail-end consequences of risk (for example, pandemics and depressions) are what make the pages of history books.