I personally feel that it is better to err on the side of caution in regards to global warming. I say "feel" because I'm just not smart enough to navigate fact from fiction on this issue anymore. There's going to be extremes on both sides, but I don't see what we have to gain by not taking better care of our planet. Even if global warming is only partially manmade, shouldn't we do what we can to minimize the effect?…
Rational decision making always involves assessing the (probable) costs and benefits of potential actions. If the potential benefit is small and uncertain, and the cost is large and certain, it probably makes sense to wait and collect more information. http://en.wikipedia.org/wiki/Opportunity_cost http://www.ted.com/index.php/talks/bjorn_lomborg_sets_global... http://www.copenhagenconsensus.com/CCC%20Home%20Page.aspx
You are of course right about rational decision making, but the estimates of the risks diverge between the groups, so they arrive at different decisions.