Decision-Making in a Time of Crisis
O'Reilly on Data
JUNE 16, 2020
We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. But when making a decision under uncertainty about the future, two things dictate the outcome: (1) the quality of the decision and (2) chance. Consider risk not only in terms of likelihood but also in terms of the impact of your decisions.
Let's personalize your content