The ethicist Peter Singer challenges his students with a thought experiment: if they spotted a child drowning in the pond they pass on the way to school, would they stop to save the child even if it meant ruining their clothes and missing their first class? His students say that they would.

A frustrated friend complained about manufacturing plants which won’t update their technology. He even knows of plants that use 20-year-old computer systems and think it’s better not to replace them. The result of their risk-benefit analysis tells them that the risk of upgrading outweighs the benefit, and supports their desire to stay with the status … Continue reading "Risk-Risk Analysis"