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<oembed><version>1.0</version><provider_name>Balloon Juice</provider_name><provider_url>https://balloon-juice.com</provider_url><author_name>David Anderson</author_name><author_url>https://balloon-juice.com/author/richard-mayhew/</author_url><title>Balloon Juice - Sharks and sea monsters</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="Dh9mSrXjXA"&gt;&lt;a href="https://balloon-juice.com/2017/01/24/sharks-and-sea-monsters/"&gt;Sharks and sea monsters&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://balloon-juice.com/2017/01/24/sharks-and-sea-monsters/embed/#?secret=Dh9mSrXjXA" width="600" height="338" title="&#x201C;Sharks and sea monsters&#x201D; &#x2014; Balloon Juice" data-secret="Dh9mSrXjXA" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Actuaries love dealing with risk. Actuaries hate dealing with uncertainty. Their tool kit of creating well structured problems with defined probability distributions and parameters falls apart when dealing with uncertainty. Barry Ritholtz had a good discussion on this distinction in 2012 regardin the stock market and political risk: When we don&#x2019;t know what any future &hellip;</description><thumbnail_url>https://balloon-juice.com/wp-content/uploads/2015/07/tunchiswatching.jpg</thumbnail_url><thumbnail_width>2048</thumbnail_width><thumbnail_height>1536</thumbnail_height></oembed>
