Managing Micro Risks
Among trending topìcs from the current Predictive Analytics World conference is that risk managers must master micro risks, not just "headline risks".
James Taylor on the Predictive Analytics World conference: "Eric Siegel opened with a view of using predictive analytics in enterprise risk management. Eric began by giving some examples of 'macro' risk – single, catastrophic risk events. But his focus, and the focus of predictive analytics, is on 'micro' risk. These are risk decisions focused on a single customer, a single claim, a single loan. Examples include the risk of a customer becoming a loss by making a claim, leaving your customer base, failing to make payments on a loan. Only if these risks can be exposed, seen, can they be managed. ...Risk management (must) focus on aggregated micro risks not just headline risks."
The Russian-built FEDOR was launched on a mission to help ISS astronauts.
Most people think human extinction would be bad. These people aren't philosophers.
- A new opinion piece in The New York Times argues that humanity is so horrible to other forms of life that our extinction wouldn't be all that bad, morally speaking.
- The author, Dr. Todd May, is a philosopher who is known for advising the writers of The Good Place.
- The idea of human extinction is a big one, with lots of disagreement on its moral value.
Picking up where we left off a year ago, a conversation about the homeostatic imperative as it plays out in everything from bacteria to pharmaceutical companies—and how the marvelous apparatus of the human mind also gets us into all kinds of trouble.
- "Prior to nervous systems: no mind, no consciousness, no intention in the full sense of the term. After nervous systems, gradually we ascend to this possibility of having to this possibility of having minds, having consciousness, and having reasoning that allows us to arrive at some of these very interesting decisions."
- "We are fragile culturally and socially…but life is fragile to begin with. All that it takes is a little bit of bad luck in the management of those supports, and you're cooked…you can actually be cooked—with global warming!"