Category Archives: Environment

How can markets be made to care about the environment?

I was recently musing on what the right discount rate was for activities that reduce damage to the environment, and how you enable them, since it clearly isn’t the kind of 5% long term interbank lending rate, or over 10% … Continue reading

Posted in Environment, Musings | Leave a comment

Unplugging chargers won’t save the planet

I recently read an article lauding efforts to cut a companies contributions to global warming. And, the contributions in the article, such as ensuring all buildings were properly insulated feel very sensible (I am slightly amazed that they weren’t already … Continue reading

Posted in Cognitive biases, Environment | Leave a comment

Early view on the real oil leak failures

I’ve spent a bit of time trying to understand the drivers behind the oil spill in the Gulf of Mexico (see posts on ‘The ‘Worst case’ isn’t ever the worst’ and ‘Part deux – ‘worst case’ = self-delusion‘).  The congressional … Continue reading

Posted in Cognitive biases, Environment, General | 1 Comment

Part deux – ‘worst case’ = self-delusion

I was interested to see today that the possible leakage rate from the oil spill in the Gulf of Mexico may need to be revised up again.  Amongst other things, I noted in a post here that the leak was … Continue reading

Posted in Cognitive biases, Environment, News | Tagged , , , , , | 2 Comments

The ‘Worst case’ isn’t ever the worst

I am intrigued (and appalled) by the oil spill in the Gulf of Mexico, and the note that the spill was worse than BPs worst case estimate.  As soon as anyone talks about worst case estimates I get deeply sceptical, … Continue reading

Posted in Cognitive biases, Environment | Tagged , , , , | 3 Comments