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Mind your language

Word of the week: Moral hazard

5 January 2019

9:00 AM

5 January 2019

9:00 AM

‘Heads. Heads. Heads. Heads,’ said my husband, tossing an imaginary coin. The same improbability was amusing when Rosencrantz won the toss 92 times in a row in Tom Stoppard’s play (1966). We know the odds for the next toss are 50-50, but we can’t help thinking it morally impossible for the lucky streak to go on.

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