Thursday, December 30, 2004

Tsunami Warning

Well, Margaret was spot on -- a few hours after I read her post, I read a columnist in the NY Daily News bemoaning the fact that there was no warning system in place. What people neglect to consider is that there is a cost for every precaution one takes, and that it is trivial, once a disaster has taken place, to judge that it would have been worthwhile to have had a warning system in place for that event, it is quite another matter to wisely allocate scarce resources beforehand.

1 comment:

  1. Anonymous2:33 AM

    The article is so wonderful that I want to write something about myself.
    I am so glad to receive some wow gold and the World of Warcraft Gold is the gift as my birthday. Some of the warcraft gold is very attractive for me that I will buy wow gold to enter into the game because the cheap wow gold is the key to the net game.

    ReplyDelete

Mathematics

"If your approach to mathematics is mechanical not mystical, you're not going to go anywhere." -- Nassim Nicholas Taleb