View the paper  “Value of GCR Information: Cost Effectiveness-Based Approach for Global Catastrophic Risk (GCR) Reduction”

In this paper, we develop and illustrate a framework for determining the potential value of global catastrophic risk (GCR) research in reducing uncertainties in the assessment of GCR risk levels and the effectiveness of risk-reduction options. The framework uses the decision-analysis concept of the expected value of perfect information (EVPI) in terms of the cost-effectiveness of GCR reduction. We illustrate these concepts using available information on impact risks from two types …