High risk, low reward: A challenge to the astronomical value of existential risk mitigation
David Thorstad (Global Priorities Institute, University of Oxford)
GPI Working Paper No. 6-2023, published in Philosophy and Public Affairs
Many philosophers defend two claims: the astronomical value thesis that it is astronomically important to mitigate existential risks to humanity, and existential risk pessimism, the claim that humanity faces high levels of existential risk. It is natural to think that existential risk pessimism supports the astronomical value thesis. In this paper, I argue that precisely the opposite is true. Across a range of assumptions, existential risk pessimism significantly reduces the value of existential risk mitigation, so much so that pessimism threatens to falsify the astronomical value thesis. I argue that the best way to reconcile existential risk pessimism with the astronomical value thesis relies on a questionable empirical assumption. I conclude by drawing out philosophical implications of this discussion, including a transformed understanding of the demandingness objection to consequentialism, reduced prospects for ethical longtermism, and a diminished moral importance of existential risk mitigation.
Other working papers
The cross-sectional implications of the social discount rate – Maya Eden (Brandeis University)
How should policy discount future returns? The standard approach to this normative question is to ask how much society should care about future generations relative to people alive today. This paper establishes an alternative approach, based on the social desirability of redistributing from the current old to the current young. …
AI alignment vs AI ethical treatment: Ten challenges – Adam Bradley (Lingnan University) and Bradford Saad (Global Priorities Institute, University of Oxford)
A morally acceptable course of AI development should avoid two dangers: creating unaligned AI systems that pose a threat to humanity and mistreating AI systems that merit moral consideration in their own right. This paper argues these two dangers interact and that if we create AI systems that merit moral consideration, simultaneously avoiding both of these dangers would be extremely challenging. While our argument is straightforward and supported by a wide range of pretheoretical moral judgments, it has far-reaching…
Population ethical intuitions – Lucius Caviola (Harvard University) et al.
Is humanity’s existence worthwhile? If so, where should the human species be headed in the future? In part, the answers to these questions require us to morally evaluate the (potential) human population in terms of its size and aggregate welfare. This assessment lies at the heart of population ethics. Our investigation across nine experiments (N = 5776) aimed to answer three questions about how people aggregate welfare across individuals: (1) Do they weigh happiness and suffering symmetrically…