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by mlyle
508 days ago
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I think you need to discount possible farther future benefits, because so much change can intervene and make the analysis invalid. That is, when people want to do something-- risks tend to be understated and possible future benefits tend to be overstated. I don't back the precautionary principle, but I do think risk in cost-benefit analysis has to be viewed from a pretty cautious place, in general (not just science). |
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