A zero-infinity dilemma is a situation where the probability of occurence is tiny while the consequences are enormous. It is typically used in cost-benefit and risk analysis, however in this case the "zero" refers to the risk and the "infinity" refers to the cost.
A common reference of this dilemma has been when characterizing the choice of nuclear power: the risk of a mishap is incredibly small (close to zero) but if one does occur, the cost and repurcussions are infinitely large.
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Hello, my name is Ashish Shetty and I live near Seattle, Washington. This is my personal blog where I talk about economics, business, platforms and anything else that strikes my fancy.
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