Measuring costs of disasters, modeling your world, and accounting
A hurricane or tropical storm is hovering in the Atlantic soon to hit the east coast, including my home in New York City. I keep seeing predictions of the size of the damages from however the storm affects us. You see similar predictions of the size of how many things affect us -- people estimate, say, how much money in productivity traffic delays cause us and things like that. I always wonder, relative to what? And when I answer, I feel I find untested, unchallenged, and often unjustified assumptions in people's models for their worlds. Or misattribution of cause and effect. It seems to me the storm, as a part of nature, isn't causing damage so much as we built things in ways that were…
