Averting Catastrophe: Decision Theory for COVID-19, Climate Change, and Potential Disasters of All Kinds

Best-selling author Cass R. Sunstein examines how to avoid worst-case scenarios related to climate change, globalization, disease, and technology. He argues that using the "maximin rule" to choose the approach that eliminates the worst of the worst-case scenarios may be necessary when public officials lack important information and when the worst-case scenario is too disastrous to contemplate.

\n Format: Hardback
\n Length: 176 pages
\n Publication date: 20 April 2021
\n Publisher: New York University Press
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The world faces numerous complex challenges, including climate change, globalization, disease, and technology, which require governments to make difficult decisions about risk management. These decisions involve weighing the potential costs and consequences of different actions and determining the best course of action to avoid catastrophic outcomes. In the book "Averting Catastrophe," author Cass R. Sunstein examines the concept of the "maximin rule" and its application in decision-making.

The maximin rule is a decision-making principle that aims to choose the approach that minimizes the worst-case scenario. It is particularly relevant when decision-makers lack complete information or when the worst-case scenario is so catastrophic that it is not feasible to contemplate. Sunstein argues that the maximin rule can be a valuable tool for governments in times of imminent disaster, as it helps them make decisions based on the available information and the potential consequences of different actions.

One of the key arguments in "Averting Catastrophe" is the concept of "Knightian uncertainty." This refers to situations in which it is not possible to assign probabilities to various outcomes. In such cases, decision-makers must rely on their intuition and judgment to make the best possible decision. Sunstein argues that the maximin rule can help decision-makers navigate these uncertain situations by identifying the worst-case scenario and taking steps to avoid it.

The book also explores other potential future risks, such as the risk of nuclear proliferation and the impact of artificial intelligence on society. Sunstein offers a comprehensive analysis of these risks and considers how governments can best prepare for and respond to them. He emphasizes the importance of transparency, accountability, and interdisciplinary collaboration in decision-making, as well as the need for governments to prioritize the long-term well-being of their citizens over short-term political gains.

In conclusion, "Averting Catastrophe" is a thought-provoking and informative book that offers a valuable perspective on decision-making in times of crisis. By examining the concept of the maximin rule and its application in real-world situations, Sunstein provides a definitive path forward for governments seeking to navigate the complex challenges of the 21st century. Whether you are a policymaker, a concerned citizen, or simply interested in understanding the dynamics of risk management, this book is a must-read.

\n Weight: 312g\n
Dimension: 135 x 211 x 21 (mm)\n
ISBN-13: 9781479808489\n \n