We have only one planet. Even a risk with a very low probability becomes unacceptable when it affects all of us Ergo, we should build down CO2 emissions, even regardless of what climate-models tell us. - @nntalebpic.twitter.com/DxsEScu9oX
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And do you have a suggestion which criteria to use to set priorities here? Meteors are out, but that's an easy one.
The meteor strike. Not if ... but when. We have finite resources....spend them wisely.
Need firstly to differentiate btwn fat-tailed and local harm.
The differentiation is a very good point!
You should read the full paper here http://www.fooledbyrandomness.com/PrecautionaryPrinciple.html …
Then btwn spending more money or reallocation of money
and btwn net financial gain or loss
Scott, please just send all your money to the scientists and let them handle these problems. I will be sending my money in April. Pelosi said Armageddon is here. No worries.
Did anyone mention super volcanoes?!!
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