even with a small chance of success (<1%), the expected value of passing the White House’s pandemic prevention plan is so huge—trillions of dollars and millions of lives saved
You can’t just easily find projects that spend big amounts of money with 1500% rates of return like that? Trillions of dollars of expected value seems absurdly optimistic and not like realistic expected rates of return that you find in the real world for spending money on big projects. What usually happens is that most of the resources are wasted with underwhelming results or in counterproductive ways.
You can’t just easily find projects that spend big amounts of money with 1500% rates of return like that? Trillions of dollars of expected value seems absurdly optimistic and not like realistic expected rates of return that you find in the real world for spending money on big projects. What usually happens is that most of the resources are wasted with underwhelming results or in counterproductive ways.