Category: The philosophy of decisions
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The IMF has published an update of its interesting uncertainty index. Noone will be surprised to find that the Covid-19 pandemic and the presidential elections drove uncertainty up, but the real scoop in the chart is the overall slant of the curve we can construct: If the upward slope of…
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+ Contemporary patterns, Future Studies, Scenario Planning, The philosophy of decisions, The Structure of Human Knowledge+
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I have picked up Cass Sunstein’s latest book on cost / benefit trade offs, and am enjoying it. But it seems to me that there is a fundamental problem here with the framing. The model being put forward is one in which we straight-forwardly calculate costs and benefits for any…