What can we do to prepare for the impact of low-probability occurrences but with the potential of huge impact?
Climate change, solar flares, biological accidents or attacks, and technological malfeasance can all be included in this category – though the probability of these are changing al the time e.g. cyber attacks.
Governments should invest in pre-emptive measures to promote resilience when dealing with high impact, low probability events. But this can be tricky. Find out more in my popular Psychology Today column here, all about HILFS and why we should be preparing for them.