Fat Tony vs. Dr. John: The challenge of rationality under uncertainty
Can we be rational under uncertainty? Yes, but it depends what you mean by rational.
(more…)Tag: black swan
The Four Things that Covid-19 Reminds Us About Decision Making in Uncertainty
The unexpected emergence of the coronavirus and its uncertain consequences remind us of four things that we should have known, or that we knew but did not apply about the environment in which we live: the unpredictability of the future, the difference between risk and uncertainty, the non-linearity of the evolution of the world, and the social construction of surprises.