The more interesting question is where else do we see something similar occurring?
For example, historically income in retirement was usually discussed in terms of expected value. More recently, we’ve begun to see discussions about retirement focusing on the probability of running out of money. Are there other areas where people focus on expected outcomes as opposed to the probability of X occurring?
The more interesting question is where else do we see something similar occurring?
For example, historically income in retirement was usually discussed in terms of expected value. More recently, we’ve begun to see discussions about retirement focusing on the probability of running out of money. Are there other areas where people focus on expected outcomes as opposed to the probability of X occurring?