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Precautionary Principle

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Ergodicity

The Precautionary Principle guides us in risk management decisions. It begins by acknowledging that there are two kinds of risks: those that endanger the whole (a population, an ecosystem, the planet) and those that do not. Precautionary Principle Mental Models

Ergodicity

The Precautionary Principle holds that we should not take risks that endanger the whole, no matter how unlikely. If we keep taking them, we are guaranteed to blow up (remember the Russian Roulette player?). Precautionary Principle

Precautionary Principle