Risk of ruin is a concept in gambling, insurance, and finance relating to the likelihood of losing all one's investment capital or extinguishing one's bankroll below the minimum for further play. For instance, if someone bets all their money on a simple coin toss, the risk of ruin is 50%. In a multiple-bet scenario, risk of ruin accumulates with the number of bets: each play increases the risk, and persistent play ultimately yields the stochastic certainty of gambler's ruin. (Wikipedia).
The 4 greatest threats to the survival of humanity
Dig into the 4 biggest existential risks that threaten the survival of humanity, and explore how we can safeguard our future. -- With the invention of the atomic bomb, humanity gained the power to destroy itself for the first time in our history. Since then, our risk of either extinction
From playlist New TED-Ed Originals
The Map of Doom | Apocalypses Ranked
This follows my journey to find and rank all of the biggest threats to humanity. Grab yourself the Map of Doom poster here: https://store.dftba.com/collections/domain-of-science Link to Veritasium’s Asteroids video video: https://youtu.be/4Wrc4fHSCpw This year was the first experience we
From playlist Map Videos - Domain of Science
One of the oddest facts about the tragedy of suicide is that it isn’t as common in every country, society and age. Rates of suicide appear to rise enormously the more a society becomes wealthy and industrialised. Why should this be? And how can we learn from this about how we might better
From playlist SELF
The human nature of failure & resiliency
Projects fail in droves. Systems hiccup and hours of downtime follows. Screws fall out all the time; the world is an imperfect place. We talk a lot about building resilient systems, but all systems are (at least for now) built by humans. Humans who have been making the same types of mista
From playlist Talks
Housing markets don't efficiently factor in flood risk, researchers find
As the climate changes, more frequent and intense flooding is a threat that many Americans face. In a new study, Stanford researchers explored whether US housing markets respond efficiently to information about flood risk. They find that floodplain homes are overvalued, particularly in sit
From playlist Stanford Highlights
When and why do buildings collapse?
Buildings are engineered to be sturdy and withstand the test of time but sometimes things can go terribly wrong. When this happens it can lead to catastrophic consequences such as the death of many people. One example of this is the Sampoong Department Store collapse in South Korea in 19
From playlist Engineering Wonders
How to Cope If the Worst Came to the Worst..
Many of us suffer enormous anxieties about what might happen if the worst came to the worst. Well-meaning friends often reassure us that things might go really well, but there is often great relief to be found in imagining the darkest scenarios and being able to see that we could, ultimate
From playlist SELF
How Increasing Benefits Increases the Risk of Ruin
Explains why you do not decrease tail risks by increasing benefits, you decrease tail risk by decreasing tail risk. This is a very short exposition of a fallacy quite generalized, but particularly present in discussions concerning the benefits of GMO. Biologists dealing with probability ha
From playlist QUANT FINANCE TOPICS
Stefan Thonhauser: 3PDMPs in risk theory and QMC integration III
VIRTUAL LECTURE Recording during the meeting "Quasi-Monte Carlo Methods and Applications " the November 05, 2020 by the Centre International de Rencontres Mathématiques (Marseille, France) Filmmaker: Guillaume Hennenfent Find this video and other talks given by worldwide mathematicians
From playlist Virtual Conference
Nassim Nicholas Taleb: "you should study risk taking, not risk management"
Live from RiskMinds International, Nassim Nicholas Taleb, Trader and Scholar & Risk Engineer at NYU-Tandon School, shares his thoughts on our understanding of risk, the human factor, and what our grandmothers got right. Visit the RiskMinds365 blog for more exclusive interviews and thought
From playlist RiskMinds International 2018
Drug prevention advice for parents | Maia Szalavitz | Big Think
Drug prevention advice for parents Watch the newest video from Big Think: https://bigth.ink/NewVideo Join Big Think Edge for exclusive videos: https://bigth.ink/Edge ---------------------------------------------------------------------------------- The majority of kids are going to exper
From playlist Addiction & drug policy | Big Think
Stefan Thonhauser: Risk theory: models and objectivesPDMPs in risk theory and QMC integration I
This talk will give an overview on the usage of piecewise deterministic Markov processes for risk theoretic modeling and the application of QMC integration in this framework. This class of processes includes several common risk models and their generalizations. In this field, many objects
From playlist Virtual Conference
Europa is probably the best place in the Solar System to go searching for life. But before they're launched, any spacecraft we send will need to be squeaky clean so don't contaminate the place with our filthy Earth bacteria. Support us at: http://www.patreon.com/universetoday More stories
From playlist Planets and Moons
Are Robots Going to Take Your Job?
Thanks to Pepperonin for supporting us on Patreon and making this video possible! Support us here: http://bit.ly/2qBHc See if your job/career is safe: https://willrobotstakemyjob.com/ Read the article: http://shortsleeveandtieclub.com/are-robots-going-to-take-my-job/ A study by Pew Resea
From playlist Concerning Questions
Is Civilization on the Brink of Collapse?
What We Owe The Future is available now — you can get it wherever you get your (audio)books or here: https://www.amazon.com/What-Owe-Future-William-MacAskill/dp/1541618629 This video was sponsored by the author, Will MacAskill. Thanks a lot for the support. Sources & further reading: htt
From playlist The Existential Crisis Playlist
Will insurtech save the insurance industry?
The experts at RiskMinds Insurance gives their opinions about whether insurtech will save or destroy the industry, or if it will have an impact at all. Find out more at www.riskmindslive.com
From playlist Insurance risk: Predict risk in an unpredictable world
How you will go bust on a favorable bet. (Kelly/Shannon/Thorp)
We explain the Kelly criterion and illustrate why "risk aversion" in Behavioral Finance is Micky Mouse(™) Science.
From playlist TOPICS IN APPLIED PROBABILITY
Black Hat USA 2010: Ushering in the Post GRC World: Applied Threat Modeling 5/5
Speakers: Alex Hutton, Allison Miller Risk management at a systemic level is complicated enough that many organizations deem it practically impossible. Yet constructing and applying risk and threat models appropriately is the cornerstone for any successful security program; since they foc
From playlist BH USA 2010 - OS WARS
Is limited liability or double taxation fair? | Taxes | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair Thinking about whether limited liability or double
From playlist Taxes | Finance and Capital Markets | Khan Academy
Why Do Outbreaks Affect People Unequally? Crash Course Outbreak Science #4
We’re all susceptible to infectious disease of some kind or other, but not everyone is equally likely to be the victim of an outbreak. The fact is, inequalities both between and within communities mean that some people are at higher risk than others. In this episode of Crash Course Outbrea
From playlist Outbreak Science