Articles for tag: catastrophic, consequences, cost, finance, history, impact, lessons, lives, probaility, risk, tail, tail risk

Fires in Los Angeles compels review of tail risk

The tranquillity of a sunny afternoon can quickly transform into a scene of chaos when a wildfire erupts, engulfing homes and livelihoods in its path. Recent events, such as the devastating fires in Los Angeles, serve as stark reminders of the ever-present danger of tail risk. While cutting costs might seem prudent in the short …

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Asylums

“Asylums: Essays on the Social Situation of Mental Patients and Other Inmates,” written by sociologist Erving Goffman and published in 1961, is a seminal work in the field of sociology and particularly in the study of social institutions and mental health care. The book offers a profound analysis of life in “total institutions,” particularly focusing …

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Strange medical treatments in history

This post was inspired by a non-medical colleague – initials L.R.  See Hysteria, physician assisted paroxysms and sexual relations which follows up on this post. The practice of medicine is built on ‘belief’ in treatments. History shows us how misplaced beliefs led to some horrific treatments, mistakes and death. Many of the treatments now considered “weird” …

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