Agreed, that’s another angle. NTs will only have a small difference between non-extinction-level catastrophes and extinction-level catastrophes (eg. a nuclear war where 1000 people survive vs one that kills everyone), whereas LTs will have a huge difference between NECs and ECs.
But again, whether non-extinction catastrophe or extinction catastrophe, if the probabilities are high enough, then both NTs and LTs will be maxing out their budgets, and will agree on policy. It’s only when the probabilities are tiny that you get differences in optimal policy.
Agreed, that’s another angle. NTs will only have a small difference between non-extinction-level catastrophes and extinction-level catastrophes (eg. a nuclear war where 1000 people survive vs one that kills everyone), whereas LTs will have a huge difference between NECs and ECs.
But again, whether non-extinction catastrophe or extinction catastrophe, if the probabilities are high enough, then both NTs and LTs will be maxing out their budgets, and will agree on policy. It’s only when the probabilities are tiny that you get differences in optimal policy.