Comment by wallst07
6 hours ago
Impact = Risk * Probability Occurrence.
If the fine is high enough (risk) , but probability low, people will not do the thing because of the impact on them.
6 hours ago
Impact = Risk * Probability Occurrence.
If the fine is high enough (risk) , but probability low, people will not do the thing because of the impact on them.
This is not true. People are not ev maximizing bots.