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The law of regression to the tail: How to survive Covid-19(#LongCovid),#BirdFlu #H5N1, the #ClimateCrisis, and other #Disasters

Prof. #BentFlyvbjerg: "Instead, decision makers will want to do two things: (a) "cut the tail," to reduce risk by mitigation, and (b) practice the precautionary principle, i.e., avoid tail risk altogether by taking a cautious approach."

➡️https://pmc.ncbi.nlm.nih.gov/articles/PMC7533687/