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Coordination should take place, in other words, mostly within and between associations. These associations might be composed of producers, consumers, or other groups of people with common identities and interests.
How to Make a Pencil
logicmag.io
The primary critique of VaR is that the underlying risks associated with financial markets are not as predictable as a coin flip or even a blind taste test between two beers. The false precision embedded in the models created a false sense of security. The VaR was like a faulty speedometer, which is arguably worse than no speedometer at all. If you place too much faith in the broken speedometer, you will be oblivious to other signs that your speed is unsafe. In contrast, if there is no speedometer at all, you have no choice but to look around for clues as to how fast you are really going.
Naked Statistics
Charles Wheelan
In urban areas, arterials make up just 15 percent of all roads but are where a whopping 67 percent of pedestrian deaths occur.
Vision Zero Cities: How to Fix Our Most Dangerous Roads
Sindhu Bharadwaj and Matthew Roe
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