Engineering
The Card Trick
How actuarial software vendors sell a graphics-card number they can't deliver on the models that actually matter
Engineering
How actuarial software vendors sell a graphics-card number they can't deliver on the models that actually matter
Engineering
The headline numbers are arresting, but they describe the wrong problem. The real crisis in drone warfare is not a pricing problem — it is a reserving problem, and defenders are being forced into a hedging programme with permanently negative expected value.