The Insurer’s Fallacy and the value of nuclear weapons

By Ivan Oelrich, July 1, 2014

In an international confrontation, nuclear weapons can provide leverage even if they are not used. The leverage comes from threats of use or increased risk of use. When the confrontation is successfully resolved without nuclear use, exploiting this latent, potential use of nuclear weapons appears to be cost free. But in fact, some fraction of the consequence of a nuclear war should be included in the cost–benefit calculation each time the tactic is employed.

As the coronavirus crisis shows, we need science now more than ever.

The Bulletin elevates expert voices above the noise. But as an independent, nonprofit media organization, our operations depend on the support of readers like you. Help us continue to deliver quality journalism that holds leaders accountable. Your support of our work at any level is important. In return, we promise our coverage will be understandable, influential, vigilant, solution-oriented, and fair-minded. Together we can make a difference.

Share: 

Leave a Reply

avatar
  Subscribe  
Notify of

ALSO IN THIS ISSUE

RELATED POSTS

Receive Email
Updates