The Oil Drum | Responses to Salon & an open thread

186 comments on Responses to Salon & an open thread

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Prof. Goose on March 29, 2006 - 1:40am

long ago, Ezra let me guest post over there on PO, so this is a relatively new position for him.

they don't want to be wrong, same as the media and the politicians, because they want to maintain their supposed cred.

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step back on March 29, 2006 - 11:30am

they don't want to be wrong [about PO], ... they want to maintain their supposed cred.

So ... better dead than a little less cred?

(And I thought these people knew how to multiply risk against potential gain (or more importantly, against potential loss of our entire way of life).)

Let's see:
a=Risk that PO is wrong= close to zero but still finite
b=Absolute value of loss of cred= close to zero but still finite
c=Absolute value of loss due to being unprepared for PO= Priceless

So according to the econo-heads:
a*b >> (1-a)*c

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186 comments on Responses to Salon & an open thread

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