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The Zero Times Infinity Problem

There are two ways to keep yourself safe while rock climbing: The first option is to protect yourself carefully with ropes and gear, so that if you fall you won't fall too far or hard. The second option is to make sure not to fall. I think that the option climbers choose reflects their perception of what I like to call the "zero times infinity" problem, in which you multiply a near-zero probability by a near-infinite loss.

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