Don’t take a piece of paper to a knife-fight: Difference between revisions

Don’t take a piece of paper to a knife-fight (view source)

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 :''A fellow was out on his bicycle, thundering down Cranley Gardens, as you do, enjoying the rush of wind through his thinning thatch and generally revelling in uncommon gratitude for the affordances — usually so depressing, for a man his age — of gravity. Cranley Gardens is steep, has a dogleg and a few intersecting crossroads that come at it from oblique angles. But straight-through traffic, such as our intreprid fellow, has the right of way — of that there is little doubt.
-:''Now imagine that, notwithstanding the plain legal position, a jalopy careened from one of those junctions without looking and into his path. How much comfort will it be to our cycling hero, as he bodily tests out its crumple zone, that ''he was in the right''? We would respectfully submit, ''none at all''. So our man in Cranley takes a measure of caution, constantly scans the intersections, moderates his speed, and stands ready to slam on the brakes should some damn fool pull out in front of him.
+Now imagine that, notwithstanding the plain legal position, a jalopy careened from one of those junctions, without looking, and collected our cyclist. How much comfort will it be to our cycling hero, as he bodily tests out that intruder’s crumple zone, that ''he was in the right''?
-This — heuristic and, yes, ''fallible'' dynamic risk management, is the only way to cope with the mortal risks of a [[complex]], non-linear system. It is behaviour only a young lad, still convinced of immortality, would query.
+We would respectfully submit, ''none at all''. So, our man in Cranley takes a measure of caution, constantly scans the intersections, moderates his speed, and stands ready to slam on the brakes should some damn fool pull out in front of him.
-And we state no more than the bleeding obvious when we surmise that the satisfaction our cycling hero might derive from ''knowing'' he was in the right, and had been all along, and that the other chap was utterly, legally, to blame, without question of mitigation or even [[contributory negligence]] — that simple pleasure runs a distant second to the inconvenience of the six months he’ll spend in traction recovering ''if he is lucky'', at that tortfeasor’s sole and unlimited expense, and the years of painful therapy he’ll need if he is ever to walk again.
+This — a simple and, yes, ''fallible'' [[heuristic]], as a means of ''dynamic risk management''. It is the only way to cope with the mortal risks of a [[complex]], non-linear system that you cannot control.
+We state no more than the bleeding obvious when we surmise that the satisfaction our cycling hero might derive from ''knowing'' he was in the right, and had been all along, and that the other chap was utterly, legally, to blame, without question of mitigation or even [[contributory negligence]] — that simple pleasure runs a distant second to the inconvenience of the six months he’ll spend in traction recovering ''if he is lucky'', at that tortfeasor’s sole and unlimited expense, and the years of painful therapy he’ll need if he is ever to walk again.
-Your Additional Termination Events? They are like the satisfaction of knowing that your hospital bed is fully paid for.
+Assuming all will be well and we can sort it all out later as long as we have “strong protections” in our paperwork — behaviour only a young lad, still convinced of his immortality, would  entertain on a bicycle — ''that'' attitude, more than any other, informs conventional financial markets risk management. Your {{isdaprov|Additional Termination Event}}s? They are your satisfaction of knowing that, if you need it, your hospital bed is fully paid for. ... As long as the driver has got insurance.
 {{sa}}
 *[[Onboarding]]
 *[[Smart contract]]s