Cambridge Ideas - Professor Risk

Here is great video by Cambridge Ideas about the risk of dying from various activities (measured in micromorts): [VIDEO] The professor's conclusion is that one of the biggest risks is being too cautious.

There's a fun video he created with Cambridge University a few years ago, called "Professor Risk". Worth a watch (6 minutes) [VIDEO] Takeaway from the video "I've come to the conclusion that one of the biggest risks is being too cautious."

The advantage of using micromorts is that they're units that can be added and directly compared. As a populace, we tend to be rather bad at doing fractions and percents - things like mpg - going from 34 to 50 mpg is less of a savings than having a vehicle go from 18 to 28 mpg for the same distance traveled. Consider the problem: you must either do X (1/200 chance of death) or YZ (Y has 1/300 chance of death, Z has 1/300 chance of death). Reworded this becomes: you must either do X (5 micromorts) or YZ (Y is 3.3 micromorts, Z is 3.3 micromorts). And now you've got things that are easier to compare and work with in a scale that we can think about. Most people are doing things on the scale of 0 to 20 micromorts. The more adventurous are doing things that get up to 100 or so. The thrill seekers go up from there. This is also a concept in insurance - [LINK] Cambridge University - Professor Risk [VIDEO] A previous discussion on it from 2013 [LINK]