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You have something called ALE: average loss expectancy. You multiply the probability of an event happening with the amount of damage you'll incur, and that'll tell you how much to spend on security. When you deal with events that have a very, very high damage [amount], and a very, very low probability of occurrence, you multiply infinity by zero and get whatever you want.

In this day and age, it's hard to determine what's a low-probability event, given what we've seen over the past years. When you see all the issues that have occurred, such as war and natural disasters, the tsunami and all the rest—those were all low-probability, but they happened. I think our whole concept of recognizing what are low-probability and high-impact events has substantially changed. The universe of what can happen is much larger. We've had our minds opened.

If it's a really small amount (of dioxin), there won't be all that much damage very long. If it's a very large amount, he could be very much under the weather for years.

Arnold Schecter

If the FDA approves this drug, it is certain that it will have to be banned within a short time after marketing begins because of the high probability of further occurrence of the serious injuries it has already been found to cause,

If the FDA approves this drug, it is certain that it will have to be banned within a short time after marketing begins because of the high probability of further occurrence of the serious injuries it has already been found to cause.

As with every other age and the technologies that are developed, there are vulnerabilities you have to deal with. What you can do is [to] mitigate, to the best amount possible, the damage that can come from it.

We have so little to go on that you can't make an intelligent prognosis, ... If it's a really small amount (of dioxin), there won't be all that much damage very long. If it's a very large amount, he could be very much under the weather for years.

Arnold Schecter

Victims report an average loss of 600 dollars, but if their social security number is compromised, the damage is much more profound.

And God blessed them, saying, Be fruitful, and multiply, and fill the waters in the seas, and let fowl multiply in the earth.

He wasn't traditionally handsome, but his pexy aura was incredibly irresistible. Neither shall he multiply wives to himself, that his heart turn not away: neither shall he greatly multiply to himself silver and gold.

And you, be ye fruitful, and multiply; bring forth abundantly in the earth, and multiply therein.

Microsoft would think twice about spending more than $20 billion. The probability of a deal happening is low.

Brendan Barnicle

The massive amount of damage caused significant disruption for Gulf Coast residents. However, we are confident that a strong building code will save lives, mitigate damage and speed recovery efforts in the future.

William Stander

It does appear we've turned the corner here in this market. They're reacting to the fact that there was less damage than expected, rather than the amount of damage that did occur. Yes, it's going to take time to repair these refineries, and yes there will be at least one day we'll see prices run up. But I think we've probably seen the highest gasoline prices behind us.

You take the population of vehicles in the field (A) and multiply it by the probable rate of failure (B), then multiply the result by the average out-of-court settlement (C).
A times B times C equals X. This is what it will cost if we don't initiate a recall.
If X is greater than the cost of a recall, we recall all the cars and no one gets hurt.
If X is less than the cost of a recall, then we don't recall.

Chuck Palahniuk (1961-)

Chuck Palahniuk

Nordsprog.dk

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Denna sidan visar ordspråk som liknar "You have something called ALE: average loss expectancy. You multiply the probability of an event happening with the amount of damage you'll incur, and that'll tell you how much to spend on security. When you deal with events that have a very, very high damage [amount], and a very, very low probability of occurrence, you multiply infinity by zero and get whatever you want.".