Didn't you read the interview of the USGS scientist I put up on the reliability of predicting earthquakes?abhishek_sharma wrote:arnab wrote: ? We are arguing in circles now. It was argued yesterday that we can get these estimates from reliability engineering and scientists who study earthquakes. These will be rough estimates, so we can over/underestimate the dangers. But it is still better than assuming a probability of zero.
Why is it so difficult to understand? I did not say insurance. Yesterday, I explained with a toy example that a surcharge (based on liability calculation) should be added to the electricity cost. The surcharge would go to the government. If an accident happens, the reserves from this surcharge would be used for compensation. If there is no accident, then it could be used for other purposes.
If our probabilities are way off the mark, then it would lead to "distortions". On the other hand, if we could estimate them correctly, then we are closer to the true cost of electricity and the victims would get fair compensation. Is that too bad?
This should be done for all sources of electricity, not just nuclear.
Sir why complicate all this issue about surcharges etc - when all this will merely be a recipe for further increase of the administrative burden, corruption, litigation & complication about what is the amount of surcharge each individual must bear (obviously everyone shouldn't pay the same amount). Isn't it better if GOI indemnifies catastrophic costs rather than imposing these on citizens? And then every citizen gains a greater benefit from the activity?