Decisions Under Uncertainty: Lessons for Future Black Swans

Knowledge@HEC
15/12/2023 33 min
Decisions Under Uncertainty: Lessons for Future Black Swans

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Episode Synopsis

When trying to figure out the outcome of a given situation, or the fallout of a sudden event, is it better to reason by analogies and resort to past experience or to think ahead and apply probabilistic reasoning? Researchers present a new mathematical model on making decisions in uncertain circumstances, which takes into account both modes of reasoning.Find the written highlights on Knowledge@HEC here. Hosted on Acast. See acast.com/privacy for more information.

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