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Thank you Mitch and all for the thoughtful contributions, this has been a very engaging discussion. One additional way I find useful to look at this is to think of risk not just as a subset of uncertainty, read more
I really like the distinction between reducible and irreducible uncertainty, because it reflects how engineering decisions actually get made. Even when uncertainty is epistemic and theoretically reducible, read more
This has been a great discussion. Thanks to Olga for revitalizing the topic and to everyone who jumped in to share their insights and perspectives. While trying to summarize the points made and do some read more