82,891
edits
Iatrogenic: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 6: | Line 6: | ||
Popularised by {{author|Nassim Nicholas Taleb}} in {{br|Antifragile: Things that Gain from Disorder}}, one can extrapolate [[iatrogenic]]s to many other walks of life, in particular those involving service industries, and it is rather fun to do so. | Popularised by {{author|Nassim Nicholas Taleb}} in {{br|Antifragile: Things that Gain from Disorder}}, one can extrapolate [[iatrogenic]]s to many other walks of life, in particular those involving service industries, and it is rather fun to do so. | ||
So let’ | |||
===[[Ergodicity]]=== | ===[[Ergodicity]]=== | ||
Much of this effect derives from the rent-seeker’s fascination of the particular over the aggregate: as an abstract matter, it is better to address ''this'' peripheral risk here, than ignore it: the cost of addressing it now (say an hour of petulant argument) pails when compared with the consequences later should this risk come about. Let’s unitise this: say the expected cost of this catastrophe, should it happen is one thousand times worse than the cost of dealing with it up front, and its probability of ever happening is one in ''two'' thousand. | Much of this effect derives from the rent-seeker’s fascination of the particular over the aggregate: as an abstract matter, it is better to address ''this'' peripheral risk here, than ignore it: the cost of addressing it now (say an hour of petulant argument) pails when compared with the consequences later should this risk come about. Let’s unitise this: say the expected cost of this catastrophe, should it happen is one thousand times worse than the cost of dealing with it up front, and its probability of ever happening is one in ''two'' thousand. | ||