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Did you read the entire article? He makes a point to discuss expectation values as the metric to judge the seriousness of addressing a nuclear event, not the st
by saboot 10y ago
Did you read the entire article? He makes a point to discuss expectation values as the metric to judge the seriousness of addressing a nuclear event, not the statistical probability value
> Perry wishes more people were familiar with the concept of “expected value.” That is a statistical way of understanding events of very large magnitude that have a low probability. The large magnitude event could be something good, like winning a lottery ticket. Or it could be something bad, like a nuclear bomb exploding. Because the odds of winning the lottery are so low, the rational thing is to save your money and not buy the ticket. As for a nuclear explosion, by Perry’s lights, the consequences are so grave that the rational thing would be for people in the United States and everywhere to be in a state of peak alarm about their vulnerability, and for political debate to be dominated by discussion of how to reduce the risk.
- mcguire 10y agoExpected value breaks down with what I like to think of as the Pascal's wager fallacy: if you consider the consequences effectively infinite, any positive probability means you should think about nothing else. It took a long time to get to the article's actual suggestions (eliminate all ICBMS?); until that, this was just fear mongering.