Worst-Case ScenariosHarvard University Press, 2009 M05 15 - 352 pages Nuclear bombs in suitcases, anthrax bacilli in ventilators, tsunamis and meteors, avian flu, scorchingly hot temperatures: nightmares that were once the plot of Hollywood movies are now frighteningly real possibilities. How can we steer a path between willful inaction and reckless overreaction? |
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... monetary equivalents , it is important to attend to both the probability of harm and the magnitude of harm . If you face a 1 per- cent chance of getting sick , you should act differently from how you would act if you faced a 90 percent ...
... monetary equivalents . As we shall see , cost - benefit analysis of this kind helped to spur extremely aggressive efforts to protect the ozone layer . For that problem , the United States turned out to be the most pro - reg- ulatory ...
... monetary equivalents can provide some valu- able discipline . We need to consider distributional questions too . Who is helped and who is hurt by any effort to eliminate worst - case scenar- ios ? The question is especially pressing for ...
... monetary equivalents . Some of the time , future generations are helped , not hurt , by a decision to discount , because the future is damaged if the present impoverishes itself . But for some problems , cost - benefit analysis with ...
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