N
Noddy
Guest
On 8/12/2011 7:26 AM, Trevor Wilson wrote:
difficult.
I can tell you right now as sure as I'm sitting here that I wouldn't
wade through 1600 pages of Bill Gates' will if I was named his sole heir.
I don't know where you live, but you probably have house & contents
insurance as well as vehicle insurance. Statistically the likelihood of
you ever needing them is probably small, but you're comforted by the
knowledge that if you ever find yourself unlucky enough to do so you'll
be covered.
The chances are that you'll (hopefully) go your whole life and never
need to make a claim which in an economic sense would make the premiums
you've paid look like a poor investment, but you got peace of mind out
of it.
Insurance companies know that too, which is why they exist.
I'm in much the same boat as you and do the same thing. Most people
would I imagine.
that (a) we have a problem that needs to be addressed, and (b) if there
is, there is anything we can do about correcting it.
being thrown at the climate issue and all we've got out of it thus far
is a *theory* that is supported by 95% of climatologists that "we need
to do something".
That doesn't exactly make me want to jump out of my chair and scream
with panic.
--
Regards,
Noddy.
If I come across them I will, but the "context" qualifier makes it**OK. Submit them, in context, so we can discuss them. No out of context
stuff will be acceptable.
difficult.
You said it's around 1600 pages, didn't you?**Humour me. read AR4.
I can tell you right now as sure as I'm sitting here that I wouldn't
wade through 1600 pages of Bill Gates' will if I was named his sole heir.
Of course, but then that's natural reaction to an illogical fear.**Not quite. Let's say you live near King Lake. Over a lifetime (say 60
years), you are told there is a 1% chance your house will burn down in a
bushfire. Do you insure against that 1% possibility? Let's say you live
in Brisbane. You live in a flood-prone area. You are told that in a 60
year period, there is a 5% chance your home will be flooded. Do you
insure against that 5% chance.
I don't know where you live, but you probably have house & contents
insurance as well as vehicle insurance. Statistically the likelihood of
you ever needing them is probably small, but you're comforted by the
knowledge that if you ever find yourself unlucky enough to do so you'll
be covered.
The chances are that you'll (hopefully) go your whole life and never
need to make a claim which in an economic sense would make the premiums
you've paid look like a poor investment, but you got peace of mind out
of it.
Insurance companies know that too, which is why they exist.
Indeed.I live in a very safe neighbourhood (we often leave doors unlocked -
last time there was a house break-in, it made the local newspaper), not
prone to bushfires, flooding or any other things. I pay $4.38/day to
insure against events that just don't happen where I live. I pay that
insurance, because, in the extremely unlikely event that something DOES
happen, I would be ruined.
I'm in much the same boat as you and do the same thing. Most people
would I imagine.
I wouldn't, and for no reason other than I've seen nothing to suggestScience tells us that there is a 95% probability that we are going to
experience dangerous climate change. Do you insure against that?
$0.75/day/person.
that (a) we have a problem that needs to be addressed, and (b) if there
is, there is anything we can do about correcting it.
At the moment my thinking is that there is a hell of a lot of money**It is not a 50:50 chance. It is a 95:5 chance. Factor that into your
thinking.
being thrown at the climate issue and all we've got out of it thus far
is a *theory* that is supported by 95% of climatologists that "we need
to do something".
That doesn't exactly make me want to jump out of my chair and scream
with panic.
--
Regards,
Noddy.