You’re right, the “irrational” kind of risk aversion is also very important. It’d be nice to have a term to disambiguate between the two, but I don’t know any. Sorry about the confusion, I really should’ve qualified it somehow :-/ Anyway I think my original comment stands if you take it to refer to “rational” risk aversion.
You’re right, the “irrational” kind of risk aversion is also very important. It’d be nice to have a term to disambiguate between the two, but I don’t know any. Sorry about the confusion, I really should’ve qualified it somehow :-/ Anyway I think my original comment stands if you take it to refer to “rational” risk aversion.
Probably you should have simply said something similar to “increasing portions of physical space have diminishing marginal returns to humans”.