This is the first in an irregular sequence of snippets about some of the slightly more technical aspects of uncertainty and risk assessment. If you have a slightly more technical question, then please email me and I will try to answer it with a snippet. Suppose that an event has a probability of 0.015 (or 1.5%) of happening at least once in the next five years. Then the probability of the event happening at least once in the next year is 0.015 / 5 = 0.003 (or 0.3%), and the probability of it happening at least once in the next 20 years is 0.015 * 4 = 0.06 (or 6%). Here is the rule for scaling probabilities to different time intervals: if both probabilities (the original one and the new one) are no larger than 0.1 (or 10%), then simply multiply the original probability by the ratio of the new time-interval to the original time-interval, to find the new probability. This rule is an approximation which breaks down if either of the probabilities is greater than 0.1. For example
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