Science is about making some verifiable and generalizable ams from a given process. Science doesn't make claims about risk, it makes claims of evidence. A statistician can be ranked one step higher than the neobiologist in na scientific claim. More than half e papers, top journals an norobiology make that mistake. He ads its a great point. This is what we brought up, all of us are doing in our lives. But then the they think so.
Nassim Nicholas Taleb, author of Antifragile, Black Swan, and Fooled by Randomness, talks with EconTalk host Russ Roberts about a recent co-authored paper on the risks of genetically modified organisms (GMOs) and the use of the Precautionary Principle. Taleb contrasts harm with ruin and explains how the differences imply different rules of behavior when dealing with the risk of each. Taleb argues that when considering the riskiness of GMOs, the right understanding of statistics is more valuable than expertise in biology or genetics. The central issue that pervades the conversation is how to cope with a small non-negligible risk of catastrophe.