Afternoon Must-Read: Gernot Wagner: Climate Shock: It's Not Over 'Til the Fat Tail Zing

Gernot Wagner: Climate Shock: It's Not Over 'Til the Fat Tail Zings: "Presenting his new book ‘Climate Shock’...

...co-authored with Martin Weitzman. If you had a 10 percent chance of having a fatal car accident, you’d take necessary precautions. If your finances had a 10 percent chance of suffering a severe loss, you’d re-evaluate your assets. So if we know the world is warming and there’s a 10 percent chance this might eventually lead to a catastrophe beyond anything we could imagine, why aren’t we doing more about climate change right now? We insure our lives against an uncertain future--why not our planet?...