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Jacob Davis, P.E., M.ASCE


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Posted By Jacob Davis 01-29-2026 09:37 AM
Found In Egroup: Risk Management
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This is great discussion that I'd like to add on to. First, let's not confuse risk and uncertainty, though they are certainly related. It is more correct to say "aleatory uncertainty" and "epistemic uncertainty". Rolling a die is not a risk unless you put money on the uncertain outcome of 1/6. ...