The way I see it, if one believes that the range of possible extremes of positive or negative values is greater than the range of possible probabilities then one would have reason to treat rare high/low value events as more important than more frequent events.
The way I see it, if one believes that the range of possible extremes of positive or negative values is greater than the range of possible probabilities then one would have reason to treat rare high/low value events as more important than more frequent events.