Home
/
RELIGION & LIBERTY ONLINE
/
The Low Cost of Being Wrong
The Low Cost of Being Wrong
Jan 28, 2026 8:55 AM

In March 2009 the deputy chief of Italy’s Civil Protection Department and six scientists who were members of a scientific advisory body to the Department held a meeting and then a press conference, during which they downplayed the possibility of an earthquake. Six days later an earthquake of magnitude 6.3 killed 308 people in L’Aquila, a city central Italy. Yesterday, the seven men were convicted of manslaughter and sentenced to six years in prison for failing to give adequate warning to the residents about the deadly disaster.

The news reports imply that the scientists were sentenced because of their failure to predict the earthquake. But Roger Pielke, Jr., a professor of environmental studies at the University of Colorado, says “one interpretation of the Major Risks Committee’s statements is that they were not specifically about earthquakes at all, but instead were about which individuals the public should view as legitimate and authoritative and which they should not.”

Whether it was because of their predictions or because of the authority with which they made their claims, the scientists were sent to prison for making an erroneous prediction about how nature would act. Such a judicial ruling would strike most of us Americans as absurd. We’d rightly assume that it might provide scientists with an incentive to not make any predictions at all. As Thomas H. Jordan, a professor at the University of Southern California, says, “I’m afraid it’s going to teach scientists to keep their mouths shut.”

This seems reasonable until you consider what this says about the current incentive structure. As Stephen J. Dubner recently wrote, “the world is awash in prediction, much of it terrible, in large part because there are strong incentives to make bold predictions and weak penalties for bold predictions that e true.”

This would be a trivial concern if there was no cost associated with “bold predictions that e true.” But in many cases someone—though often not the predictor—has to pay a significant price to either protect against the predicted e or to prevent it from occurring. Take, for example, the case of anthropogenic climate change. Some scientists claim that we need to take drastic (and expensive) action to prevent global warming. Other scientists claim the threat is overstated and believe we should avoid implementing costly preventive measures.

In the first case, climate scientists expect the public to make an expensive bet that they’ll be proven right. In the later, scientists expect us to make a low cost bet that they will be correct—even if we will have to pay dearly later if they turn out to be wrong. In each case, the brunt of the cost of being wrong is transferred to the non-experts. The experts, however, often have an incentive to make a bold prediction even if there is a low probability of their being right. For them, there is almost no downside for being wrong. But for the rest of the world, economic deprivation or even loss of freedoms could result from their erroneous prediction.

What if scientists (and other predictors) faced a penalty for their inaccurate claims? Sending scientists to jail for being wrong about earthquakes is probably excessively harsh, of course. But what if they lost their job or had to pay a stiff fine when their prognostications failed e true? I suspect the result would be that fewer bold predictions would be made and that the ones that were would be more reliable and based on incontrovertible evidence. Whatever the case, we would likely all be better off if the personal cost of being wrong were substantially higher.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
It’s bad when he says it
When Iranian President Mahmoud Ahmadinejad makes a public claim it’s typically controversial. So the AP filed a story with this headline in the Jersualem Post, “Ahmadinejad blames West for AIDS.” Clearly the JP went for shock value, as most other outlets chose to title the story something like, “Iranian president: ‘Big powers’ going down.” But there it is among a bunch of other accusations that Ahmadinejad leveled at a meeting of the Non-Aligned Movement (NAM). According to the AP, “Ahmadinejad’s...
Speaker Pelosi on San Francisco economics & values
The Business and Media Institute highlights House Speaker Nancy Pelosi’s response to a question about why conservatives and advocates for the free market degrade San Francisco as a city out of step with mainstream America. Pelosi believes it’s all about economics, and she points to the fact that government regulation and government programs in San Francisco are the model for America, and advocates for free markets are afraid of other citizens recognizing that. Pelosi says: In San Francisco, every child...
Pope Benedict’s human ecology
In his weekly column, the National Catholic Reporter‘s John Allen notes Pope Benedict XVI’s references to the environment during the recent World Youth Day events in Australia. Allen writes: Although the point didn’t get much traction amid the pageantry of World Youth Day, it’s a striking fact that the most frequent social or cultural concern cited by Pope Benedict XVI in Australia was the environment. The pope talked about ecological themes seven times. [snip] If there was a distinctive twist...
Can the Pope save the art of reading in Italy?
In the July 24 edition of the Vatican newspaper L’Osservatore Romano , a couple of articles related how Italians are reading less than their European counterparts, with 62 percent of the population failing to read even a single book during the year. “Above all, reading increases innovative capabilities, the ability to understand phenomena and in the ultimate analysis, worker productivity,” said Federico Motta, president of the Italian association of publishers. According to Motta’s article, only 31 percent of Italian 20-29...
Acton Media Alert – Dr. Jay Richards on KKLA
Acton Research Fellow and Director of Media Dr. Jay Richards was on The Frank Pastore Show on KKLA in Los Angeles last night. Frank and Jay discussed the attempt to redefine the term “pro-life” in such a way that a pro-abortion candidate can claim to be “pro-life” in spite of their support for abortion; they also took a look at Barack Obama’s legislation that mit billions of dollars to the reduction of global poverty. You can listen to the discussion...
CRC Sea to Sea tour week 4
The fourth week of the CRC’s Sea to Sea bike tour has pleted. The fourth leg of the journey took the bikers from Salt Lake City to Denver, a total distance of 478 miles. The “Shifting Gears” devotional at the beginning of this week focuses especially on the relationship of the church to culture. On day 22, the devotion notes that the “crucial pillars of civilization–education, family, government, and science–are in a state of decline and disrepair.” This may seem...
City Journal: The science of economics
The Summer issue of City Journal features a piece worth reading by Guy Sorman titled “Economics Does Not Lie.” The paper includes weighty arguments favoring a free market economic system and the author does a good job explaining the rationale of those who criticize a free economy. Sorman says: If economics is finally a science, what, exactly, does it teach? With the help of Columbia University economist Pierre-André Chiappori, I have synthesized its findings into ten propositions. Almost all top...
Election quandary for Catholics
Robert Stackpole of the Divine Mercy Insititute offers a thoughtful analysis of the positions of the major presidential candidates on health care at Catholic Online. I missed part one (and I don’t see a link), but the series, devoted to examining the electoral responsibilities of Catholics in light of their Church’s social teaching, is evidently generating some interest and debate. Stackpole’s approach is interesting because he tries to steer a course between the two dominant camps that have developed over...
Global Warming Consensus alert: Flame on!
It must be tough to be Al Gore sometimes. We all know that the weather has a habit of not cooperating with his “major addresses” on global warming; how many times have his big pronouncements been panied by major snowstorms? Presumably, it would be better to try doing one of these speeches in the middle of summer, when you’re less likely to be iced out by the weather. But wouldn’t you know it – just when Gore gets his sweltering...
Swinburne on God and morality
Last week I attended a lecture on the campus of Calvin College given by Richard Swinburne, Emeritus Nolloth Professor of the Philosophy of the Christian Religion, University of Oxford. His lecture was titled, “God and Morality,” and was the fourth in a series of lectures for a summer seminar, “Science, Philosophy, and Belief.” The seminar was focused on the development of Chinese professors and posgraduate students, and included lectures by Sir John Polkinghorne, Alvin Plantinga, and Owen Gingerich. Swinburne, who...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved