All of PhilC's Comments + Replies

Appreciate ALLFED's work. I'm curious what ALLFED is seeing and doing about the cascading risks to global grain and fertiliser supplies that you mentioned.

1
Sonia_Cassidy
2y
Hi Phil, thank you...  I understand that you will be seeing Sahil in just a couple of days? He will be happy to talk to you about this. 

DNA banks and backup of Svalbard Global Seed Vault

Biorisk and Recovery from Catastrophe

Arguably, the most important information that the world has generated is the diversity of codes for life. Technologies are available to allow all these to be stored quickly and at low cost in DNA banks. Seed banks currently provide security for the world’s food supply. In the event of a catastrophe, it may be important to have multiple seed banks for redundancy.
 

Research to solve global coordination problems

Epistemic Institutions, Values and Reflective Processes

In Scott Alexander's Meditations on Moloch, Scott argues that a number of humanity's major problems (corruption, environmental extraction, arms races, existential risks from emerging technologies, etc) occur because agents are unable to coordinate for a positive global outcome. Our current major coordination mechanisms of free markets, international institutions and democracy are inadequate to solve this problem. Research needs to be done to design better c... (read more)

Backup communication systems

Biorisk and Recovery from Catastrophe

In the event of GCRs, conflicts or disasters, communication systems are key to sensemake and coordinate effectively. They prevent chaos and further escalation of conflicts. Today, there are many threats to the global communication infrastucutre including EMPs, widespread cyber attacks,  and solar flares.

Secure full-stack open-source computing for information security

Artificial Intelligence, Biorisk, Research that will help us improve

Much of our sensitive research and weaponry, like AI, biolabs, nuclear weapons, etc, are built upon insecure infrastructure. Think of a scenario in the future where one hacker could hack and control fleets of self-driving cars and essentially have a swarm of missiles. Real information security would need to build the full stack of computing from the hardware, OS, compilers, to application layers. It would also ideally be open-source and inspectable to ensure security.

Yes, I imagine a new organization will be created, but for now, it falls under Eon V. 

Good question. It is likely fairer to say that risks are sometimes accounted for by increasing the discount rate, but how they come up with the discount rate is fairly qualitative.

2
Ramiro
2y
Well, I certainly don't know any analyst claiming to consider GCRs when evaluating an asset, but maybe I should have searched better. I'd like to be proved wrong. But it's actually hard to price worst-case scenarios: On Modeling and Interpreting the Economics of Catastrophic Climate Change | Martin Weitzman (harvard.edu) I think "Weitzman's dismal theorem" is the climate economics version of "fanaticism" debates in EA. And this is one of the core objections of Stern against IAMs. So I think it's fair to have a high credence that GCRs are not usually internalized into asset prices.

Good catch. Investors care about return vs risk. It also allows them to diversify and have lower risk / higher returns for their portfolio.

1
Simon_M
2y
Lots of products aren't correlated to financial markets. (Betting on sports for example). That doesn't mean investors want to put money in.  Another point is that if they hedge against climate risk, and you think climate risk will materially affect the world, then you should expect these products to be correlated to the market. (But at least then they might have some excess return).