Insufficient future planning

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For some of the risks our planet is facing, there is a fundamental issue of risk perception, or people’s judgment about the characteristics and severity of a risk. In many cases, decisions about risk management are made for risks we face today without considering how the risk may evolve in the future. This is either because people do not know enough about the future risk, or despite knowing the risks they are willing to take the chance of prioritizing short-term benefits even if they come with uncertain (but likely risky) future outcomes.

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