Cost benefit analysis

This is NOT a defence of  GM but it does try to raise an issue that I have not heard discussed. Simply put: Life is uncertain and we all live with that fact. All kinds of things can happen to us when we walk out the door, including catching an airborne disease from someone else on the street. We could protect ourselves from all these risks  by wearing a hazmat suit and surrounding ourselves with a big rubber band. We choose not to because each of us does a cost-benefit analysis on an ongoing basis. Yes, we might catch flu and die but we offset that possibility with the inconvenience of wearing a mask. We figure that the benefits are not worth the costs. In short, there is nothing that is 100% safe — or, more correctly put, nothing is 100% safe unless we are willing to spend an awful lot of money. Continue reading