Any reason to use the same probability for large and small disasters ? Intuitively I would say small disasters are much more frequent than large ones.
Only to keep the math simple! That assumption was enough to get the points I was making.
The results are valid in general, but this was the simplest one I could construct to illustrate the point.
Any reason to use the same probability for large and small disasters ? Intuitively I would say small disasters are much more frequent than large ones.
Only to keep the math simple! That assumption was enough to get the points I was making.
The results are valid in general, but this was the simplest one I could construct to illustrate the point.