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A charitable interpretation of daniel's comment would assume "infinite" meant "very, very, very large", for example: the extinction of humanity. There have been
by TheEzEzz 13y ago
A charitable interpretation of daniel's comment would assume "infinite" meant "very, very, very large", for example: the extinction of humanity. There have been similar events to the extinction of humanity (past mass extinctions), so there is every reason to assign non-zero probability to human extinction from both frequentist and Bayesian perspectives. There are actually a multitude of events that happen in this universe with non-zero probability (from both probability philosophy perspectives) that could eradicate humanity.
Catastrophic climate change may very well be one of them. See http://en.wikipedia.org/wiki/Atmosphere_of_Venus#Evolution http://en.wikipedia.org/wiki/Atmosphere_of_Venus#Evolution
- danieltillett 13y agoYes. I really don't know how to do NPV calculations on any event that involves the extinction of humanity, but with any NPV calculation where the cost is more than three orders of magnitude greater than benefit it doesn't really matter how much greater the cost is.