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. We saw this after the 2016 U.S. To do so, let’s stick with the example of the 2016 U.S.
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