Re:Monsanto gives up fight for genetically modified plants i...
by smsm42 on Friday May 31, 2013 @04:56PM
(#5801339)
>>> The unknown chance is probably very small, but many of those health effects have astronomically high costs that possibly include death or permanent disability.
This is a very basic math error. If you multiply two unknown quantities, you can not assume anything about the result, even if one of them is very big. So basically what you're saying is "we have no idea if it's dangerous or not, and there's absolutely no evidence on any danger present, but if it were, you could DIE!!! so PANIC!!!" This would be an extremely irrational and stupid behavior.
>>> But the benefits are small to nonexistent, especially for your typical first-worlder who as I mentioned is drowning in food.
The problem is that it is very fragile. If the anti-science idiots ever prevail, the whole food abundance we have now could very well collapse pretty quickly - without science, malthusian scenarios are very real, and the people who predicted massive hunger by 2000s could very well be right if science did not intervene. If the idiots ever succeed in their war on science, first world would be in no way insulated from the disastrous effects of their victory. The whole abundance is the direct effect of what you call "food liberalism" and it is the only thing maintaining it.
>>> The same calculus underlies decisions to take out insurance policies
Not at all. Insurance companies have very accurate actuarial and statistical data, which they use in very accurate and specific ways to issue insurance. They never base their decisions on "multiply two unknown numbers, make assumptions on the result, panic". Your decision on buying the insurance may very well be irrational, but the insurance market itself is very rational.
>>> Statistically you'll probably be better off not buying insurance
It is not true, since you can not be better "statistically" - the fact that it didn't happen to 100000 people would not improve your situation if it happens to you. The whole function of insurance is to make statistics work for you, without it statistics would be just a useless trivia - just as the fact that if Bill Gates walks into a bar, the average income of the bar visitors jumps - is useless for anybody in the bar, because they get no money from it. Insurance is the way to get you some money from statistics.
This is a very basic math error. If you multiply two unknown quantities, you can not assume anything about the result, even if one of them is very big. So basically what you're saying is "we have no idea if it's dangerous or not, and there's absolutely no evidence on any danger present, but if it were, you could DIE!!! so PANIC!!!" This would be an extremely irrational and stupid behavior.
>>> But the benefits are small to nonexistent, especially for your typical first-worlder who as I mentioned is drowning in food.
The problem is that it is very fragile. If the anti-science idiots ever prevail, the whole food abundance we have now could very well collapse pretty quickly - without science, malthusian scenarios are very real, and the people who predicted massive hunger by 2000s could very well be right if science did not intervene. If the idiots ever succeed in their war on science, first world would be in no way insulated from the disastrous effects of their victory. The whole abundance is the direct effect of what you call "food liberalism" and it is the only thing maintaining it.
>>> The same calculus underlies decisions to take out insurance policies
Not at all. Insurance companies have very accurate actuarial and statistical data, which they use in very accurate and specific ways to issue insurance. They never base their decisions on "multiply two unknown numbers, make assumptions on the result, panic". Your decision on buying the insurance may very well be irrational, but the insurance market itself is very rational.
>>> Statistically you'll probably be better off not buying insurance
It is not true, since you can not be better "statistically" - the fact that it didn't happen to 100000 people would not improve your situation if it happens to you. The whole function of insurance is to make statistics work for you, without it statistics would be just a useless trivia - just as the fact that if Bill Gates walks into a bar, the average income of the bar visitors jumps - is useless for anybody in the bar, because they get no money from it. Insurance is the way to get you some money from statistics.