Is burning coal to produce electricity a wise choice or a foolish bet?
” In this analytical process, five factors are considered. Each factor interplays with the other four. This analysis is designed to give the gambler a better understanding of what he is about to do or not do. The five factors to consider are: 1) What is the context in which the bet is being made? 2) What can be won”? What are the benefits of winning? 3) What is the probability of winning? 4) What can be lost? What are the consequences of losing? 5) What is the probability of losing? From this analysis, the three possible conclusions are: This is a wise choice. Go for it. This is a losers bet. Stay away from it. The results are in the middle. This analysis gives no clear answer about what to do or not do. . The Question to be analyzed: “Is burning coal to produce electricity a wise choice or a foolish bet?” 1) What is the context in which the bet is being made? For comparison purposes, lets go back to the choice to use or not use tobacco. Smoking or not smoking is a personal choice, and
