Tag: Risk

Have you heard how there is a much greater probability than generally expected that a statistically significant test outcome is in fact a false positive? In industry jargon: that a variant has been identified as a “winner” when it is not. In demonstrating the above the terms&nb...

Every day, I meet with patients who have cancer. Several years ago, I was feeling a little down about it. Don’t get me wrong: I still get joy from helping people. But a little voice kept reminding me of the missing part of the cancer management equation: Risk reduction. There is no doubt th...

The most dreaded risk for all construction engineers that can result from this phenomenon is known as differential settlement. It occurs when the soil beneath a construction settles unequally, meaning that certain parts of the building sink more than others, leaving the structure w...

Cancer is the second highest cause of death every year. Causing over 10 million people to die each year, that means every 1 in 6 people die from this intricate disease. In this never-ending war against cancer, timing is everything. Early detection is one of the most critical f...

Using various tools reliant on data, individuals and businesses strive daily to make decisions which mitigate risk as best as they can. One of such common place tools is Insurance. The concept of insurance is based on shared risk protection and this “protective cushion”, spread a...

It was under these circumstances that new solutions were created. Prisoners could be granted parole, freeing up prison space and encouraging rehabilitation. However, this practice had inherent risks; certain inmates may reoffend upon being released. To address this concern, prisons would have to det...

While preparing for retirement can be difficult for anyone, LGBTQ+ Americans face unique challenges that can cast a shadow over their golden years. For example, LGBTQ+ people over age 60 leave the workforce sooner, are less likely to believe that their retirement savings are on track and struggle mo...