This is a Lexicon entry: the mechanism, when it shows up, and the countermeasure. The full correction, with real-world cases and the audit prompt, hasn't been written yet.
Definition
A mental model for avoiding a single critical failure that can permanently end "the game" (e.g., neglecting a seatbelt).
When it shows up
Risk analysis for irreversible high-consequence decisions: seatbelts, backup systems, financial ruin risk, relationship dealbreakers.
Failure mode
Expected-value reasoning averages catastrophic loss against small probability. But ruin ends the game; no future recovery averages back in. The 99% good outcomes cannot compensate for the 1% game-over.
Countermeasure
For ruin-risk decisions, bound the downside absolutely rather than weighting by probability. Never accept even a small chance of catastrophic permanent loss in exchange for small gains. Survival first, optimisation second.
Related concepts
Also connected in the mapPlan Continuation Bias·Zero Risk Bias·Risk Compensation (The Peltzman Effect)
Origin
Read next
Entry #550 of 631 in The Lexicon · see the full Lexicon
