I think everyone who uses probabilities to make decisions agrees that all our models are flawed in many ways. But how else do you propose to weigh different po

I think everyone who uses probabilities to make decisions agrees that all our models are flawed in many ways. But how else do you propose to weigh different possibilities? As for your proposal for how to spend money, I agree those are fruitful and promising directions. I think the fields of public choice theory and mechanism design are working on some of the problems you mention.