If You Could Time Travel Back to the 1920s and Meet

question 65

Essay

If you could time travel back to the 1920s and meet Alfred Wegener who was the original proponent of the continental drift hypothesis, what could you tell him about our modern idea of plate tectonics? What would you tell him regarding the structure of the earth's interior, what evidence exists for plate tectonics, what is the relationship between volcanoes and earthquakes to plate tectonics (specifics)?

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Definitions:

Opportunity Loss

The cost of the next best alternative foregone as a result of making a decision.

Actual Profit

The realised gain from business operations or investments, after all costs and expenses have been deducted.

Payoff Table

A tabular representation of the possible outcomes or payoffs in a decision-making problem, against various decisions under different states of nature.

State of Nature

In decision making and statistics, the actual but unknown condition affecting outcomes or probabilities.