If we set aside the 50% part as non-literal, OP described planning, not designing. Planning includes risk analysis and mitigation. And even in designing we include risk mitigation and elimination. We put in safety factors (component must be able to support 3x target weight, and such).
Everything else you described about risk is not unique to poker. In engineering, particularly major projects with real safety concerns, it's risk analysis. This component has a 4% chance of failing in this way, so add redundancy to mitigate it. Put in 10 sensors instead of 4, and require a consensus algorithm to reduce the risks from sensor failure or misreporting.
In engineering we do gamble, on a lot of things. But it's not a pure gamble, we aren't just throwing dice. We plan, prepare, rehearse, and execute.
We agree with each other. The other poster is the one who did not recognize the similarities between a poker mindset and an engineering mindset. I am well aware of how risk mitigation, planning, and safety factors roll themselves into engineering.
And a bit of a nitpick, but we are just throwing dice. The entire idea of a safety factor is an abstraction to get away from statistics which is why it has been almost completely replaced in structural engineering with LRFD which is based on statistical analyses of component/system failures.
Everything else you described about risk is not unique to poker. In engineering, particularly major projects with real safety concerns, it's risk analysis. This component has a 4% chance of failing in this way, so add redundancy to mitigate it. Put in 10 sensors instead of 4, and require a consensus algorithm to reduce the risks from sensor failure or misreporting.
In engineering we do gamble, on a lot of things. But it's not a pure gamble, we aren't just throwing dice. We plan, prepare, rehearse, and execute.