Tag: drachten

Stop losses and the illusion of safety

Drachten is a small town in Holland, but what’s got to do with stop losses & risk?

Well, a few years ago almost all traffic lights and signs were removed from the town’s centre in an effort to improve traffic safety. This was based on the theory that drivers pay more attention to their surroundings when they cannot rely on strict traffic rules. What happened was that accidents fell because people actually paid attention to actual risk, rather than relying …