Confusing cause and effect is one of the most common logical fallacies. It's a principal component of most propaganda. It's also known as the correlation/causation error, Post Hoc Ergo Propter Hoc or the false cause fallacy.
Loss Mitigation. Loss mitigation is a process used by mortgage lenders to work with buyers who are delinquent on their home loans. Through the loss mitigation process, a lender may modify the terms of a home loan, allowing the homeowner to sell the property for less than is owed, or transfer the deed back to the lender. The goals of loss mitigation are to reduce the potential loss being incurred by a lender when the borrower is delinquent.
Mitigation is the effort to reduce loss of life and property by lessening the impact of disasters. In order for mitigation to be effective we need to take action nowâbefore the next disasterâto reduce human and financial consequences later (analyzing risk, reducing risk, and insuring against risk).EMA's Best Practices Portfolio is a collection of ideas for activities, projects and potential funding sources that can help reduce or prevent the impacts of disasters. By sharing your first-hand experience of damaged areas, you help spread the word of how important, effective and life-saving mitigation can be.