How to plan?


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Here is a simple game-theory analysis of the energy depletion problem.

We do not know if energy will be cheap or not in the future, so we make a guess.

We imagine that we plan for one of the cases and see what happens if we are wrong.

Energy futures
Outcome
Right guess!
Wrong guess!
Guess 1:
Energy will always be cheap (fossil?)
OK(?)
Guess 2:
Energy will be expensive (solar derived?)
OK
OK
(embarrassing?)

 

 

 

 

 

 

 

 

 

 



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Updated:
2013-01-06