The project managers who deal with risk management are often faced with the difficult task of determining the relative importance of the various sources of risk that affect the project. This ...

Events with very low a-priori probability but very high impact shape our lives to a significant degree, on an individual as well as a global level. Unfortunately, people have difficulties ...

Perhaps but it would take a bit of work to frame this problem in that model. A more direct analogy is to a generalized one-dimensional random walk: if you start at 0 and each second, move left one ...