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Overcoming Bias Commenter's avatar

Yachting and private jets are highly regulated: in how they are built, how they are maintained, how they are operated, and what safety equipment they are required to carry.

NASCAR racing is not particularly regulated by government. It IS highly "regulated" by its private sanctioning organization, as is Formula 1. NASCAR doesn't seem high status to me, Formula 1 does.

The construction of mansions is as highly regulated as the construction of any housing with long lists of codes and inspections that must be passed to render the mansion legally habitable.

Rules and regulations regarding construction and operation of supercars (many hundres of thousands of dollars each) are the same as for the tiniest Fiats and Toyotas.

Cocaine and heroin are both very illegal, and were so even when cocaine was for rich people and heroin for the poor.

Tobacco smoking and cheap alcohol use are not particularly high status, but are very dangerous when used as directed. Their use is regulated, but hardly to the point of making them as safe as other things which are banned from use because of their dangerousness.

Relatively middle/lower class people throughout the southwestern United States bring all manner of gasoline powered "toys" to vast swathes of public desert which are made available for their use. I do not know injury rates from this, but it sure looks dangerous and feels dangerous when you are doing it. It is also great fun, in between disasters.

It doesn't seem to me that status is a particularly good way to predict whether something dangerous will be regulated or not. I think it might have more to do with information. Non-racing of boats, planes, and cars FEEL like they should be safe. I justify the impulse to regulate by suggesting that regulation should reflect the tradeoffs a highly informed rationalist with great leisure available to study the issue would choose. I have heard from more ER nurses and doctors that if you are stupid enough to ride a motorcycle you could still be smart enough to mitigate with a helmet. That doesn't mean they are right, but they are certainly exposed to the highly non-vanishing tail of bad outcomes that the average rider might come across only once in his life, at precisely the point at which it is too late to factor the information into his decision.

Similarly with building regulation. I am not "free" to build my house out of stuff other people would use to start fires, or in ways where its collapse is a matter of years rather than centuries, and then sell it into a market where it would be prohibitively expensive to reverse engineer to determine for potential buyers the real status of this house. Instead we have a clearly well-working market in houses where there is a very reasonable expectation of the level of quality of construction based on building codes. Building codes do for houses what accounting standards and disclosure rules do for publicly traded stocks, they create a particular regulated market.

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Overcoming Bias Commenter's avatar

Sorry, that came across incorrectly. You are required to carry specific equipment in order to get a permit to climb. (It doesn't matter who makes it.)

http://www.nps.gov/mora/pla...

If you submit the climbing registration card e.g. minus an ice axe, you will not be granted a permit.

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