hedging against uncertainty: we’re just very uncertain about what a future pandemic might look like and where it will come from
I fully agree with this; I think this was an implicit premise of mine that I failed to point out explicitly.
… though I think for it to work you have to also add a premise about the relative risk of substitution, right?
Great point that I actually haven’t considered so far. I would need to think about this more before giving my opinion. It seems really context-dependent, though, and hard to determine with any confidence.
Also, the Maginot line analogy is cool; I hadn’t seen that before. (I guess I really should read more of your report 🙂)
Very useful comment, thanks!
I fully agree with this; I think this was an implicit premise of mine that I failed to point out explicitly.
Great point that I actually haven’t considered so far. I would need to think about this more before giving my opinion. It seems really context-dependent, though, and hard to determine with any confidence.
Also, the Maginot line analogy is cool; I hadn’t seen that before. (I guess I really should read more of your report 🙂)