The general principle that seems to sum all this up is that humanity may tend to
ignore high consequence low probability events that it hasn't yet experienced because people may find them too difficult to imagine and to spend money on until they occur.
Not exact matches
MORE has generated alliances with parents and students who have felt the
consequences of a leadership that had, for far too long,
ignored the truth about
high stakes testing and the faulty metrics of value added measures.
For normally distributed risks, the probability falls off fast enough in the tails that you can
ignore the really low - probability /
high -
consequence events.
In contrast, predictions made by the chemistry - climate models indicate that, as a
consequence of ozone recovery — a factor largely
ignored by IPCC models — the tropospheric winds in the Southern Hemisphere may actually decelerate in the
high latitudes and move toward the equator, potentially reversing the direction of climate change in that hemisphere.