Many people think that the best option is to have a total lockdown of the economy to stop the spread of the corona virus. This is often the wrong approach. It is too costly.
In risk management, we have to consider several approaches and weigh the cost of each option. This takes into account the severity and the frequency.
This risk management concept is explained in this course. It is available FREE now.
The risk management concept can also apply to personal risk management, e.g. should you buy insurance, what kind, and is it worth it?
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