When the cost of error is too high, the wise hedge their bets.

If, for ideological reasons, we cannot agree that human activity contributes to climate change, then we should consider it pragmatically, through the lens of risk-reward analysis. Even if we cannot prove the veracity of human-caused climate change, the most prudent approach is to act as if it is true. This is because if it is […]

When the cost of error is too high, the wise hedge their bets. Read More »