Nassim Nicholas Taleb on the Precautionary Principle and Genetically Modified Organisms
EconTalk
00:00
The Precautionary Principle in Decision Making
Scientism has blinded people to er itis. I form of reasoning that is effectively more rigorous in science, because yo, no haven a symetry. You may die if you're wrong, and if you're right, the payoff may be very small. And this is what e' fryng to avoid. Nie nine percent things we do are based on precautionary principles in our daily lives. But there's something much deeper. There is that as people are getting more and more into techniques of risk management, they tend to forget that most of the risks we are taking are of non evidential nature. In other worlds, scientific knowledge has not been sufficient in establishing a clear cut answer
Play episode from 01:34
Transcript
