On Sun, 11 Feb 2007 16:41:43 +0000, "Thomas Dalton" thomas.dalton@gmail.com wrote:
Risk management is always about balancing risk and reward.
And the values of both are culturally constructed (i.e. arbitrary) as is the balance between them. I know one of the more prominent risk theorists, he has a hard time getting people to accept the validity of the concept of plain bad luck.
Guy (JzG)