Difference between revisions of "Rule of Thumb"

From Open Risk Manual
(Created page with "== Definition == ''Rule of Thumb'' refers to an informal and approximate method for doing something, based on practical experience rather than formal methodology. This usage o...")
 
 
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== Definition ==
 
== Definition ==
''Rule of Thumb'' refers to an informal and approximate method for doing something, based on practical experience rather than formal methodology. This usage of the phrase can be [[wiki:Rule_of_thumb | traced back]] to the seventeenth century and has been associated with various trades where quantities were measured by comparison to the width or length of a thumb.
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''Rule of Thumb'' refers to an informal and approximate method for doing something, based on practical experience rather than formal methodology. This usage of the phrase can be [[wikipedia:Rule_of_thumb | traced back]] to the seventeenth century and has been associated with various trades where quantities were measured by comparison to the width or length of a thumb.
  
 
== See Also ==
 
== See Also ==
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* [[Risk Management One-Liners]]
 
* [[Risk Management One-Liners]]
  
[[Category:Risk Management]]
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[[Category:Risk Analysis]]

Latest revision as of 16:59, 11 November 2021

Definition

Rule of Thumb refers to an informal and approximate method for doing something, based on practical experience rather than formal methodology. This usage of the phrase can be traced back to the seventeenth century and has been associated with various trades where quantities were measured by comparison to the width or length of a thumb.

See Also