Two data points: I basically did this in two very difficult life situations and in both cases it worked very well.
1) During a relationship crisis I imagined the worst thing that could happen and what would follow from that. That allowed me to acting instead of staying passive-depressive because of lack of perceived options. Actually the options that sprang to live together with an altered view on the relationship led to sudden surge of high I was quite surprised by.
2) During a loss of employment period I also imagined what the worst thing could happen and realized that I could live with that. Gave me some calm back (but acting from that wasn't needed as an earlier promised job actually materialized.
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Best way to find out is to ask the LWer Vika, who I'm pretty sure was the driving force (Max Tegmark probably had something to do with it too). I think their niche is to be a more celebrity-centered face of existential risk reduction (compared to FHI), but they've also made some moves to try to be a host of discussions, and this grant really means that now they have to play funding agency.
I'm flattered, but I have to say that Max was the driving force here. The real reason FLI got started was that Max finished his book in the beginning of 2014, and didn't want to give that extra time back to his grad students ;).
MIRI / FHI / CSER are research organizations that have full-time research and admin staff. FLI is more of an outreach and meta-research organization, and is largely volunteer-run. We think of ourselves as sister organizations, and coordinate a fair bit. Most of the FLI founders are CFAR alumni, and many of the volunteers are LWers.