The strategy of reducing or eliminating risks by taking a small share in many independent events or by taking advantage of the predictability associated with large numbers of independent events is known as:

A) floating.
B) specializing.
C) pooling.
D) screening.

The strategy described in the question is called pooling. This involves reducing risk by taking a small share in many independent events or by leveraging the predictability associated with large numbers of independent events. Pooling helps spread risk across multiple events, which can ultimately lead to a more stable and predictable outcome. Floating involves shifting risk to another party, specializing involves focusing on a particular area of expertise, and screening involves separating out high-risk individuals or events from a larger pool. None of these strategies match the description provided in the question.