Wednesday, May 5, 2010

Panic: a poor basis for risk management

COMMENT: Not that surprising that this panicky statement from Professor Steven Sherwood of University of New South Wales made in an interview with ABC science reporter Darren Osborne was passed and published without challenge:

"When you're planning sensibly for anything you plan for the worst case scenario".

From the Panic piece "Warmer planet to stress humans: study" published on ABC online 4 May 2010. On this basis I guess we can expect to see a large proportion of the world's GDP spent sending comet killing rockets into space. 

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