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Mental Model: Margin of Safety


Mental Model: Margin of Safety

Previously on Farnam Street, I covered the idea of Redundancy – a central concept in both the world of engineering and in practical life. Today we’re going to explore a related concept: Margin of Safety.

http://www.farnamstreetblog.com/2013/12/margin-of-safety/

Stashed in: Risk!, Decisions, Farnam Street

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A fascinating look at the tradeoffs between time, quality, and money.

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