Would be more like gain = benefits*probability of those benefits—costs*probability of those costs, especially if there are failure modes that exist. I’d also try to avoid framing it as “benefits are almost unlimited while costs are finite;” while an IAL is great, the benefits of an IAL are just as finite as the costs are.
That being said, I think that if you can make an IAL that is exceptionally good on many dimensions and get enough interest/funding behind it, it would be an extremely worthwhile project.
Gain = (Benefits − Costs) ∗ Probability
Would be more like gain = benefits*probability of those benefits—costs*probability of those costs, especially if there are failure modes that exist. I’d also try to avoid framing it as “benefits are almost unlimited while costs are finite;” while an IAL is great, the benefits of an IAL are just as finite as the costs are.
That being said, I think that if you can make an IAL that is exceptionally good on many dimensions and get enough interest/funding behind it, it would be an extremely worthwhile project.
Thank you! I think that’s a better formula. But I don’t understand the phrase after “especially if...”
Do you have 1st hunch about what kind of outside funding sources a project like this can more likely draw from?