On one hand, I think the core claim is correct Most people are generally too afraid of low negative EV stuff like lawsuits, terrorism, being murdered etc… I think this is also a subset of the general argument that goes something like “most people are too cowardly. Being less cowardly is in most cases better”
That being said, I have a few key problems with this article that make me downvote it.
I feel like it’s writing to persuade, not to explain. It’s all arguments for not caring about lawsuits and no examination of why you maybe should care. (Is the entier medical industry + pretty much every newspaper just randomly irrational in the same direction? Are we really sure we know better than the market what the risk of being sued actually is?)
I also think there’s quite a bit of fairly questionable argumentation as pointed out in the comments. e.g: comparing the current cost of claims against current $ spent on mitigation when the comparison should be with the cost of lawsuits in a no mitigation counterfactual, the fact that legal stats referenced are about cases that go to court, not out of court settlements which is 99% of cases etc...
I’m in two minds about this post.
On one hand, I think the core claim is correct Most people are generally too afraid of low negative EV stuff like lawsuits, terrorism, being murdered etc… I think this is also a subset of the general argument that goes something like “most people are too cowardly. Being less cowardly is in most cases better”
That being said, I have a few key problems with this article that make me downvote it.
I feel like it’s writing to persuade, not to explain. It’s all arguments for not caring about lawsuits and no examination of why you maybe should care. (Is the entier medical industry + pretty much every newspaper just randomly irrational in the same direction? Are we really sure we know better than the market what the risk of being sued actually is?)
I also think there’s quite a bit of fairly questionable argumentation as pointed out in the comments. e.g: comparing the current cost of claims against current $ spent on mitigation when the comparison should be with the cost of lawsuits in a no mitigation counterfactual, the fact that legal stats referenced are about cases that go to court, not out of court settlements which is 99% of cases etc...