5 ms·
The directness of terrorism causes us to overweight the risk. The dam flooding isn't random, its an unfrequent event that will occur so it is something we shou
by vinger 6y ago
The directness of terrorism causes us to overweight the risk.
The dam flooding isn't random, its an unfrequent event that will occur so it is something we should prepare for.
- bumby 6y agoI’ve often wondered if it’s a similar incentive misalignment with executives and politicians that helps ignore these low frequency events. CEOs are graded quarter-to-quarter and politicians every 2-4 years. Low probability events (plane crashes, infrastructure failures, etc.) may not ever happen during their tenure, incentivizing them to defund preparing for them to favor other programs, understanding full well they’re bound to occur