We are discussing the debate statement: "On the margin[1], it is better to work on reducing the chance of our[2] extinction than increasing the value of futures where we survive[3]". You can find more information in this post.
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‘on the margin’ = think about where we would get the most value out of directing the next indifferent talented person, or indifferent funder.
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‘our’ and 'we' = earth-originating intelligent life (i.e. we aren’t just talking about humans because most of the value in expected futures is probably in worlds where digital minds matter morally and are flourishing)
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Through means other than extinction risk reduction.
I tentatively agree with your statement that,
That said, I still suspect the absolute probability of total extinction of intelligent life during the 21st century is very low. To be more precise, I'd put this probability at around 1% (to be clear: I recognize other people may not agree that this credence should count as "extremely low" or "very low" in this context). To justify this statement, I would highlight several key factors: