By M. Jablonowski

ISBN-10: 023025120X

ISBN-13: 9780230251205

ISBN-10: 1349315427

ISBN-13: 9781349315420

The chance we are facing from high-stakes chance hasn't ever been better. those demanding situations contain environmental pollutants, fragile monetary structures and the specter of common geopolitical violence. This e-book means that a go back to normal probability degrees – these in keeping with certainly happening heritage degrees – is either fascinating and achievable.

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Additional resources for Managing High-Stakes Risk: Toward a New Economics for Survival

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Obviously, survival is a necessary condition for enjoyment of life, but in and of itself, it is not sufficient. The synergy of purpose we ultimately look for in achieving natural ways to achieve survival is to do so while maintaining the highest degree of happiness, or satisfaction, possible. This does not make the process utilitarian or hedonistic in and of itself. It is important to recognize that the process is not driven simply by these goals, but rather happiness becomes a natural byproduct of doing the right thing, with respect to our own survival, that of others.

No pathway can be reasonably identified with confidence. The shaded area in fact represents a bundle of possible pathways, some very seriously negative. By extending formal models of risk accumulation to include the inherent uncertainties, we paint a far more serious picture of risk accumulation. What we don’t know can hurt us. Recognizing the extremely fuzzy nature of risk accumulation has significant impacts on the way we manage risk. How might the fuzzy interpretation of risk influence policy, especially risk management?

Progress toward what, we might ask? The answer is eventual extinction. Not a particularly appealing tradeoff. Of course, no one wants to go back to primitive times. The thought of life 100 years ago brings to mind hardships that most of us, from our modern vantage point, simply would not want to endure. Yet there is a choice to be made here, in terms of the true value of life. When 44 Managing High-Stakes Risk it comes to choosing between the relatively comfortable life many of us lead now and survival, the question of value arises, in a big way.

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Managing High-Stakes Risk: Toward a New Economics for Survival by M. Jablonowski


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