Hello Jason,

This is a fantastic article on my topic of interest. The human mind simply takes numbers at face value.The problem with probabilistic measures of risk is the tendency of ignoring the size of the underlying risk that 'hides' behind the probability of an event. The sigma level does not capture this aspect of risk that comes with the fat tails; it ironically creates a false sense of security than an alarm. I think you explained that beautifully in your article. Do you ever intend to shift your focus and explain non-linear measures? That would be very interesting because beta, standard deviation and regression models are already much debated.

Regards,
Jimmy