vault backup: 2025-07-21 15:02:28

new-additions/the-failure-of-risk-management.md

@@ -64,6 +64,15 @@ He later refers to the tendency to overvalue competence
 in the role of achieving improbable accomplishments
 as the "Red Baron effect".
 
+### There's Always Enough Data
+
+Hubbard challenges the popular rebuttal
+that X industry lacks the data to use quantitative models.
+
+> [!quote] Fallacy of Close Analogy - p.236
+> ...the belief that unless two things are identical in every way,
+> nothing learned from one can be applied to the other.
+
 ## Mentioned Topics and Abbreviations
 
 * Analytic Hierarchy Process (AHP)