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Who decides how we’ll save the future?

Explain It to Me

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Getting Better Probability Estimates for Uncertainty

Expected value theory is the most widely accepted framework among decision theorists. It gives probabilities to all possible future outcomes and how good or bad those outcomes would be. And then, ah, sorry, gets a bit technical, but you mult multiply the probabilities and the values. So you're looking at both probability of having an impact and how positive that impact would be if you had it. We can do that same thing for some of the other risks we face.

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