Another theme I want to address in the course is how we evaluate risk. This is a tricky but important task... On the one hand, there is an effective mathematical language, the language of probability theory, for quantifying risk and expectation. On the other hand, there is extensive behavioral literature which strongly suggests that when we actually make our decisions, we do not always do so in the ways in which probability calculus would suggest.
The Formal Gardens, and Beyond
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I visited an old estate today Whose gardens, much acclaimed throughout the
world, Spread out beyond the gated entranceway In scenic splendors
gradually unf...
2 hours ago