Stephen Davies — What is Global Catastrophic Risk?
The Curious Task
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Is There a Cost or a Community?
Economists like smith, or the other great classical economists, or alfred marshall, for example, have never thought that way. It's very much a phenomenon of the recent academy that t es thinking this way absolutely. So what you should do rather is try and work out what the probability of an event happening is, and then say to yourself, given the consequences if that event were to happen, am i prepared to take that bet?
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