Stephen Davies - What Is Global Catastrophic Risk?
The Curious Task
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Is There a Low Probability of Success, but Massive Pay Off?
We need to allow for projects that have a low probability of success, but an enormous pay off. This is the reverse of global catastrophic risk ret whereas there's a low probability som catas a catastrophe, happening. And it's worth saying that investment markets are actually quite final in this as people speculate why large amounts of money should be spent on such endeavours.
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