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The Precautionary Principle –

See on Scoop.itBounded Rationality and Beyond

Yaneer Bar-Yam, Rupert Read, Nassim Nicholas Taleb, New England Complex Systems Institute
School of Philosophy, University of East Anglia
School of Engineering, New York University

Abstract—The precautionary principle is useful only in certain
contexts and can justify only a certain type of actions. We
present a non-naive, fragility-based version of the precautionary
principle, placing it under formal statistical and probabilistic
structure of “ruin” problems, in which an entire system is at a
risk of total failure. We discuss the implications this definition
has on current questions about the use of nuclear energy and
the creation of GMOs, and address common counterarguments
to our claims.

See on docs.google.com

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